Yes, I have been silent for a while, I have not only been very busy quickly becoming an options expert, but recently got back from Honduras and South Carolina as well. So what has happened lately. Obviously a bear market. I got out at the beginning of the bear at 82.50, then back in at 69.95. I also bought 20 contracts of MA 340 August Calls and sold some Visa 65 August Puts. Visa reports on the 30 and Mastercard reports on the 31st. MA has already guided strong and of course Visa is quiet… The plan is to ride up to and over earnings then get out as the banks and individual investors begin to take profits. The Olympic revenue will be part of next quarter and will be watching closely to play the swing trade. I am currently looking for some solid monthly income plays selling calls and puts.
If I have time I’ll try to get back to updating the blog a little more regularly… Until then happy trading…
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