I walked away from another trade on Monday.
music selection: “Heaven Knows” — The Pretty Reckless (really dig this one)
I hatched a plan to write puts on Alliance Bernstein, a financial MLP. Liquidity in the options turned out to be low and I couldn’t get my 12% annualized pricing so I passed. Sometimes the important trades are the ones you don’t make. Stay disciplined raptors!
ABBV, NVDA, and LLY puts expire today. All are set to expire out of the money. AbbVie and NVidia have pulled away and are out of range for writing new puts. But I’ll visit Eli Lilly again on Monday. I’m still reducing exposure so I will not be replacing ABBV or NVDA and will just go with cash in the brokerage while I wait for a more inviting market environment.
Devour your prey raptors!