Donald, welcome (back?) to equity PUTS...
With IV settling and the market (presumably) topping, your odds are increased. Since you seem to like spreads, your ROR is enhanced also.
From a straddle standpoint, I'd look at MUIE and JBL since the prems are low. If you're looking for market sympathy, I'd look at LCOS; this one swings radically, although the prems reflect it -- not a good candidate for straddle, but PUTS can make quick money.
Of course, you know the usual suspects in Tech, Banking and Drug sectors. For PUTS, GE looks overextended although it has lots-o friends.
Good luck, and *Thanks* for the UPDATES!
Alan |
