With nasdaq at 12595 on 26th Oct 23, since then Nadaq has gone up almost 40%. My strategy now is sell shares in hand and continue with sell put secured with cash as I expect adjustments in the near term.
I shall continue to rollover the put if the underlying share price drops below my strike price and continue to sell put if the put expire out of money.
This will continue until such a time when I see reverse in trends. I will pick up the shares when I am happy with the stike price of the put and sell synthetic call when I deem the price as attractive.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments