Edited by thespookyone, 03 July 2014 - 09:24 AM.
Bought XLE 99.50 puts for next week
Started by
thespookyone
, Jul 03 2014 09:24 AM
2 replies to this topic
#1
thespookyone
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Posted 03 July 2014 - 09:24 AM
Bought XLE 99.50 puts for next week. Paid .50 Looks internally weakest to me, short term. Will post exit.
#2
thoughtpwr
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Posted 06 July 2014 - 03:15 AM
A brave man, given the force of this sector. I am not sure I wouldn't go with selling the 98 Put for July2 or July3 and wait until after 7/15-7/16 to purchase the Puts. Odds of next seven days up historically is strong; the weakness is in the second half of the month, when I expect the first shot downward fired. I have SLB 110 Call exposed to that duration with a balancing (lower dollar) NE Put to marginally make it market neutral. Thx, EJ
#3
thespookyone
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Posted 10 July 2014 - 01:51 PM
Thanks for your thoughts. It worked out, but wasn't an easy play in this chop.
