Market Curiosity: Exploring Markets And Systems

January 18, 2011

Sold TIE puts while waiting for a pullback

Filed under: Short Puts — Tags: , — Jeff Fitzmyers @ 11:00 am

Sold Feb 17 puts for $0.25.

A pittance, but relatively safe. I don’t have experience with buying such aggressive up sloping rises, but it’s unlikely this rise will drop back to 17.

+ Weekly CCI rising and crossed above monthly CCI.
– Not very big volume on the initial breakout. But today’s is looking good so far.
– Price now above the 34 and 170 EMA’s.

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