Wednesday, July 8, 2009

And now... we wait.

With the whole market downtrending, and having written all the covered calls I find attractive, I'm now waiting until prices are decreasing at a slower rate before making more trades. At that point, I'll begin writing more secured puts with the aim of getting securities at more desirable prices.

I have a bunch of secured puts expiring in August and September; the capital securing those puts will then be ready to redeploy in future months.