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.