Lions. If you watched my morning report, and you must watch it, you understand I am advising caution here.. I talked about hedging positions.
Well, I just placed hedges on both DAL and XLE.
This is how I am playing these.
I bought puts, totaling 10% of each position.
Example. If your call position is 10K your hedge is 1K.
DAL Oct. 16 $25 puts.
XLE Oct. 16 $36 puts.
GM
Thank you Gregory. You are teaching me so much!
Damn, already blew my account up on XLE calls, nothing left to hedge with.