The broad market was unkind most of the week but decided to treat raptors well on Friday with the S&P climbing 1.34% on the day. This has gone far to restore UVXY from a far underwater status to only a mildly underwater status. Yes, this one is down but don’t panic. Patience while stalking prey is the raptor way!
Today was also options expiry Friday so I refrained from marking any new prey. That will change on Monday when I introduce a way to do even better than the recently introduced buy-write strategy by outlining a ‘diagonal call.’ This will be a long term position (through Jan 2017) that will let raptors nibble on income along the way while still participating in lots of potential upside capital gains. Delicious! See you Monday.
Devour your prey, raptors!