In 10 days or so cash secured puts are going to be at the forefront of the strategy calendar. Now I know that we still have 10 days, but with resent market action I expect a rise too and through 1100. And at such a pivotal market level I think that selling puts in tomorrows tape is a safe bet as long as you are okay buying stock at lower levels.
Apple today came down and tested the 20 day moving average, plus it tested an uptrend support at $191.00. Dec 165 puts for 1.25.
Goldman Sachs has a similar pattern, yesterday it tested its uptrend line with continuation higher today. Dec 155 puts for 1.70.
Conoco Phillips had a nice pullback the last few days with a great yield. Dec 48 puts for 1.00.
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