So what do you do with a negative day? We evaluate our positions and make sure we are where we want to be. It’s a good day to dollar cost average, it’s a good day to sell some PUTS if the stock moves down and it’s a good day to see opportunity open the door to a rebound. We see today as selling for tax reasons. We don’t have an issue of less business, the economy is showing strength and so we move to take advantage where we can. It is for this reason that today we are selling some QCOM puts, we are selling the January 3rd, 87 and the 86’s. Last week we sold the 88 and the 87 and both were winners. We also see a slight pullback in FB and we are selling the January 3rd, $202.50 PUTS. We believe we will see continued growth due to the political ads flowing through FB long term.
All investing involves risk, so Options Dojo can make no warranties or guarantees regarding our Sensei’s selections. Invest with an awareness of your skills, experience and risk tolerance. Options are not suitable for all investors and people can and do lose money.