FOR 45 DTE SETUPS, ROTATING INTO ETF'S

Sometimes life just plain ass gets in the way of your trading ... . Starting October 1st, my "number's up" for jury duty for the entire month of October. I may be called to serve any time during this period, sit for a lengthy period of time in a room, and then be excused because the parties have reached a last minute agreement or I may have to sit through an actual trial that goes on fairly continuously for a week or two. In sum, there's no way to plan your day, your week, or, really, your month ... .

Since I don't think the environment will be very conducive to trading (even assuming I could do that effectively on my phone or iPad), I'm going to go with trading low key setups that I don't need to keep an eye on, as compared to, for example, short strangle earnings trades with short DTE. As of Friday close, there are several >35% ETF's I have eyeballs on -- GDX (gold miners), XME (miners), EEM (emerging markets), EWZ (Brazil), and XBI (36.1).

Most of these are, in the scheme of things, "fairly cheap," so I may go covered call rather than with an options strategy that has a clock on it (i.e., spreads, strangles with "date certain' expiries).

Naturally, we have the "FOMC dance" coming up, so I may hand sit out this week until the tsunami of media spin, speculative positioning and such, passes ... .

Komentar:

Small "yay." No jury duty for the first week ... . Only three more to go.