tag:blogger.com,1999:blog-897456774486153841.post8789463397232338054..comments2024-03-29T01:52:41.092-07:00Comments on VIX and More: Selling Naked Puts in Current EnvironmentBill Lubyhttp://www.blogger.com/profile/01241003017364820134noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-897456774486153841.post-65787514362231661632009-01-15T22:00:00.000-08:002009-01-15T22:00:00.000-08:00Indeed this has been a good strategy. Ironically ...Indeed this has been a good strategy. Ironically not much more "dangerous" than owning stock. <BR/><BR/>There have been a few great opportunties in the past 2 months. C, DRYS, XLF, PGH, and bunches of others. Mammoth Volatility, offers a number of very good opportunities. I been more confident with index options than individual equities.MySnowProhttps://www.blogger.com/profile/05610362583932361269noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-83290245333697614082009-01-15T11:30:00.000-08:002009-01-15T11:30:00.000-08:00This has always been a great strategy, and more so...This has always been a great strategy, and more so know, as along as you can hold on to your nickers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-45201190307895566382009-01-15T07:11:00.000-08:002009-01-15T07:11:00.000-08:00The 200 point band of resistance between DJIA 8827...The 200 point band of resistance between DJIA 8827-9026 and between SPX 888.65-918.85 was not broken between Nov 11th and Dec 31st. These resistance levels were only temporarily and marginally broken in the first three trading days of 2009. The highest intraday level for the DJIA in 2009 and over the last forty-three trading days occurred on Jan 6th at 9088 and it closed within the 8827-9026 resistance area (at 9015) that day. The highest intraday level for the SPX also occurred on Jan 6th at 943.85 and it closed within the 888.65-918.85 resistance area one trading day later. The area between DJIA 8827-9026 and between SPX 888.65-918.85 has been a good area to short various markets and/or to sell call option credit spreads for over two months.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-21022439148686873612009-01-15T06:57:00.000-08:002009-01-15T06:57:00.000-08:00We may be on the low end of the trading range, but...We may be on the low end of the trading range, but in this environment we could easily extend to a new low making those naked puts quite a bit more expensive than what you sold them for.<BR/><BR/>You could well be correct, but to me this does not seem like an environment where you want to be putting on any lopsided risk/reward trades.<BR/><BR/>Of course this is just my opinion. By the way I do enjoy your blog immensely.Anonymousnoreply@blogger.com