Trading Plan

by billb 20. October 2008 09:25
Due to the recent assignments, I came up with a trading plan over the weekend.  GE was so damn close to the money, I think there is a real possibility that it will trade over $20 this morning, especially due to the recent volatility in the market.  When that happens, I'm going to sell it and then sell another put, probably around $17.50.  The XLF assignment at $16.00 may or may not cross back into profitability, so I'm going to stick with my original plan and start selling calls on XLF.  I'll report back later on the strikes.

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Trading Systems

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