Good Morning ski,
On the hourly, looks more like a 3 wave down, after the morning's early pop.
That could also be a post options monthly expiration adjustment, but admittedly unique with the early morning pop up.
The reason I'm thinking that way is the clx is very supportive of a nice rally in here.
In the next 10 days every offset is a negative number, except one day and it is only a +3.
30 day offsets are not quite so clear. This week looks good , but the next wee has all positive offsets, then the next week has mostly negative offsets but all small numbers.
So it is very easy for the market to go up over the next two weeks.
Aren't the days before and after Thanksgiving seasonally strong as well?
December is a light month for me. Only two puts expiring, a CVX 90 and a KMI 16.
January is a huge month for me. I had sold a lot of XOM puts and CVX puts almost 16 months ago. I has sold some XOM 30,35,50,and 55's back in the peak of the pandemic's decline.. If those get assigned I'll be getting a dividend yield in the 10 plus percent and some CVX put I sold for $16.40 of a net assigned value of 75.40.(7.10% dividend .
May pull the plug early on them depending on what this Democrat's tax scheme is.
Went to bed early, now up and wired!
Thanks for your view, as always most appreciated.
Bob |
