I sold puts.
music selection: “Love In Silence” — Uriah Heep
weigh-in: 213.2 (0.6)
New housing starts are still well below their long term average. This makes me bullish on home builders. Today, I wrote puts on the ITB homebuilders etf (ITB). I sold ITB200731P00042000 for 2.90 a share. The trade will be in force for 37 days and yields an expected 68.11% on an annualized basis.
Devour your prey raptors!