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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.96-1.8%Nov 14 4:00 PM EST

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To: RetiredNow who wrote (154163)3/11/2020 9:56:43 AM
From: TobagoJack4 Recommendations

Recommended By
Dr. Voodoo
Pogeu Mahone
Secret_Agent_Man
sense

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One very reasonable way to play the current market is to sell puts, way the phuck out of the money calls and puts, but which still pays respectable premium due to implied volatility, stuff we do not mind owning for puts, and do not mind shorting for calls

stay w/ the big liquid stuff, in the case of wishing-to-own, and count on them (i.e. Exxon, Franco Nevada, Berkshire Hathaway, etc) to do the bottom-buying for us

and so I took up positions in XOM and COP Message 32595845 by way out of money puts January 2021 / 2022 respectively

I consider such as long-range artillery positioned in an infantry-against-infantry fight, and we bomb away, fr there are no friendlies.

And if I get put at those levels indicated, I have no regrets because I would be buying at those levels any way
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