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Timmothy Posey » Comments » Single Comment
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Excellent points well made. I want to short this market but my origination for this article was to stay long during the Q3 earnings season (mostly through the end of October) and resist the temptation to get short. Notice I am not outright buying calls, I'm selling October puts which allows me a bullish-to-neutral stance on the market.
Oct 04 23:40 pm
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All Comments by Timmothy Posey »Q3 Earnings Season: Not the Time to Get Short [View article]
I'm mostly selling the SPY $100 puts, which collect a nice premium now, yet I think there is enough support for the market above 1000 on the S&P to support me doing so. Even if the market does nothing for the next two weeks I still come out a winner.