For Immediate Release
Chicago, IL – 05/09/2012 – Zacks highlights commentary from People and Picks Trader “RobtheMarketsBlind”.
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Continuing to Trade in Market Down Days
RTMB has found that writing Put Options on big market down days in a bull market provides one with the safest risk/reward gain. Our public record, public trades per these blogs written on this site, have shown a 100% perfect winning record since inception (over 15 months now).
RTMB continues to trade for income with an conservative capital preservation/ slow and steady income growth strategy.
Lennar (LEN) is currently trading downward as one would expect on a big market down day. The Put premiums have gone up. RTMB has submitted a limited order to write puts on the LEN June16 23's.
WRITE PUT.. LEN JUNE16 23 strike.
Today's market downturn relates to market concerns over Europe debt credit. Last year, as history has shown, the market bounces back quickly from days such as today. One also needs to remember that this is an election year.
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