The market is still overbought but a lot of investors are looking for dips to keep entering positions. Watching financials again today as they continue to recover. Stocks like Morgan Stanley Stock (MS) though are already fully recovered.
TQQQ ProShares UltraPro 3X Bull NASDAQ 100 (TQQQ)
This morning at 9:43 I sold my 100 shares for $147.11
Bought 200 shares at $144.66 at 9:56 once the ETF fell below 145 as outlined last night. I plan to sell these out today for hopefully above $147 and then buy 200 shares again if the ETF falls back below $145 again.
Prudential Financial Stock (PRU)
Trade 1:
Sold 4 put contracts for Dec 18 expiry at the $67.50 for an average of $0.712
Trade 2:
Sold 2 put contracts for Dec 18 expiry at the $65 put strike for 47 cents and asking 50 cents to sell 3 more.
To turn the above two trades into credit put spread I am offering 5 cents to buy the $52.50 put strike.
Walmart Stock (WMT)
I placed a trade yesterday after their earnings dipped the stock. This morning I added in this trade.
Trade 1:
Sold 5 put contracts for Dec 18 expiry at the $140 put strike for 78 cents and bought the $125 put strike for 7 cents.
One way to time closing a trade is to use this spreadsheet. Make sure to read the instructions on how to use the sheet.
Questions? Use ASK TEDDI
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. You always trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. The author assumes no liability for your investment decisions. Read the full disclaimer.