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Strategies & Market Trends : Calls and Puts for Income

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To: Keith J who wrote (5436)9/21/2012 4:40:32 AM
From: dealmakr 1 Recommendation  Read Replies (1) of 5891
 
For the first time in a very long time I find myself not opening too many puts here. Have a bunch that expire today and also am front month weighted in October for hopefully having a lot of stock called away.

In looking things over, IMHO I just don't want to commit capital here because of macro risk.

Earnings season starts in less than 3 weeks and should allow a good look at how things are shaping up overall. With the elections coming in Nov and congress out to lunch, I don't see any quick resolution of budget of so called fiscal cliff issues happening soon.

Trany sector with FDX & NSC warning along with INTC in the tech sector just raised too many red flags here. Will be watching earnings from stocks like GE, banks, and others in the capital goods sector for signs of either weakness or slowing.

Also watching the coal sector very close for a look into the future before adding any positions here.

Just my .02

dealmakr
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