Well Puts » HOS http://www.wellputs.com Selling put and call options for consistent profits in all market conditions. Sun, 07 Feb 2010 21:42:05 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Holding Steady http://www.wellputs.com/2009/08/holding-steady/ http://www.wellputs.com/2009/08/holding-steady/#comments Thu, 06 Aug 2009 01:17:01 +0000 Paul http://www.wellputs.com/?p=59 Related Posts Friday Watchlist, Gildan Activewear Inc. (GIL) March Puts, Silver Wheaton Corp. (SLW) Option Trades]]> It was a pretty uneventful day for me. No trades. UYG continues to rip and I didn’t sell any calls against my longs even though I wanted to. My other holdings faired pretty well today too.

The market needs some consolidation or sideways action at a minimum. The Q’s are at a 61.8% retracement on a daily chart and SPY is also up against some resistance.

QQQQ Daily

QQQQ Daily

Watching: UNG, FTO, SII, HAL, HOS, MDR, PTEN

Usually when my watch list has a common theme like it does now (oil and gas) it is a good sign. However, I can’t find anything I want to commit to so I’m holding steady with a 75% cash position until I see my setups.

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