A diary of the thought process behind my investment decisions
Writing Naked SPY Puts
I used the strength last week to write naked out of the money SPY Calls. I am using today's weakness to write naked out of the money SPY Puts. I believe in options parlance that is called a short strangle. This reflects my opinion that we will not see an outsized move in either direction. I am waiting for the market to become oversold before making outright purchases.