Lions.. the market remains in an uptrend, I am waiting for SPY to give back some then buy calls again on the long end.
I discuss exactly how to make a play like this in my new book, A (NOT) So Random Walk On Wall Street.
Everything I know about the market is in that book, and I plan to make references to it a lot moving forward.
If you are a Lion, I strongly advise you to pick up a copy ASAP. The book will pay for itself MULTIPLE times for you moving forward. It is a tiny investment IN YOURSELF which will pay BIG dividends by gaining more understanding of how this all really works.
I bought the book and like it. My recommendation is to have illustrated examples of options trades. Examples of how a trade can make it lose money. Think of how math problems are worked out in a text. That would help a stunad like me.
Please update your present holdings. Thought you,we are holding a spy option currently as well as vote position s