Well Puts » XLF 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 Hard Decisions and UYG http://www.wellputs.com/2009/08/hard-decisions-and-uyg/ http://www.wellputs.com/2009/08/hard-decisions-and-uyg/#comments Wed, 05 Aug 2009 00:23:42 +0000 Paul http://www.wellputs.com/?p=52 Related Posts Sell to Open BEAT October 7.50 Calls]]> The hardest decision when trading is knowing when to sell a winner. UYG is hardly a winner for me. I’ve held on to this stink bomb for quite a while now and I’ve managed to whittle my cost-basis down quite a bit by selling puts and calls as this thing bounced along what I hope is the bottom.

I’m not ready to close this one out yet but I am anxious to sell some calls on this to get me closer to my break even point. I still think it has some room to go, but there is a lot of supply available in the $5-7 range (see daily).

UYG 60 Minute

UYG 60 Minute


UYG Daily

UYG Daily

XLF punched through some resistance and is in a pretty bullish orientation. All the MA’s are lined up nicely – but it is doing this on low volume.

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