Seeking Alpha
  • Bret Kenwell
    $F Ford not even outperforming S&P today. Pullback is inevitable even with sales #'s on Friday. Headed lower over the coming weeks IMHO.
    1/2/13
    Reply (6)
    • Clayton Rulli: do you own puts to hedge?
      1/2/13
    • Bret Kenwell: No, but I have sold calls against my long options. Am looking to unravel the long side and move up one strike (to the 13's) Effectively this
      1/2/13
    • Bret Kenwell: would create a calendar spread (long March, short feb 13's) But need the nice pullback to unload the Feb's. contemplating. Thoughts?
      1/2/13
    • Clayton Rulli: selling calls on a day like this is probably good play. Especially since you are up MASSIVE on your long position!
      1/2/13
    • Bret Kenwell: Ford has treated me well since November, I'll give it that :) but still expect nice gains in 2013 after a pullback!
      1/2/13
    • Ocean Man: You'd also be selling calls into the biggest 2-day volatility drop in history.
      1/2/13