Things point to 140 for now (2nd month continuation)
Looks down to the 140 area for a test. However as long as the orange or blue trends hold, the upwards trend is still intact IMHO.
short call spreads above 165 in Dec or January might be a good idea. I would buy any puts as downside seems limited for the moment and option volatility might decline during a sell off diminishing returns on long option strategies.
1x2 put spreads 10 to 15 cents wide for flat selling the 2 buying one over two month could be good IMHO
short call spreads above 165 in Dec or January might be a good idea. I would buy any puts as downside seems limited for the moment and option volatility might decline during a sell off diminishing returns on long option strategies.
1x2 put spreads 10 to 15 cents wide for flat selling the 2 buying one over two month could be good IMHO
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