Market Curiosity: Exploring Markets And Systems

March 24, 2011

PCH – selling far out of the money puts, again (paper trade) (updated May 15) +80%

Filed under: +76 to +100%, Short Puts — Tags: — Jeff Fitzmyers @ 9:49 pm

Sold May 35 puts for 0.50.

(Notice all these PCH put shorts have made money, easily.)

+ Looks like price might be coming out of a 4th wave. Doubtful it would close below 35.
+ EMA’s all moving up.
+ CCI’s all moving up.
– Volume is a bit tepid, but that’s the only slight negative I see.
+ In fact, the weekly CCI starting to rise from a dip with a rising monthly CCI is quite bullish.

The reason these are far out of the money puts is because there are not that many strike prices to choose from.

References
+ PCH – selling far out of the money puts +100%
+ Timber: An Excellent Retirement Vehicle

May 15: No more paper trades. I was deluding myself that I was not solely focused on silver in April. Paying attention to illusions does not produce gains in anything but experience-the-hard-way. Covering at 0.10.

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