opened near $401 and climbed above 404 within minutes
so with expiration of sept options friday, what to do with core long position, as in the case of our chiuindex?
we can try selling premiums in the out months, say dec at the money for $39
nearly 10% for 94 days.
not a protective play, by any measure as the rally has been well above 10% since the early summer months.
a short term plug
paul
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