Did some of my monthly series of call writes today folks....Wrote GLM 25's (yes, I am going to try to give some of it up...or will I???), still have RON 80's short, and now some other tech stocks....too.
I personally think it's a great time to write calls *IF* you want to be a trader-type. Many oil stocks need to rest from the current run, IMHO, but they could "hug" the top BB for a while without moving down.
So-be-it. There are good percentage moves (13-15%) for the remainder of time (3.5 weeks) until May expiration.
Notwithstand the imminent correction predicted here (LT is leading the charge.....and there's nothing wrong with that idea, either!!), if we stay in a trading range, puts might be in order, too.
I think if oil stays the range predicted (16-18), we take a down flucutation, but NOTHING like we experienced over late Q4, early Q1.
We can trade these puppies, if we be tradin' types.
Regards, |
