Tuesday, November 3, 2009

Cheap Option Strategies

I have started building a position in TZA DG, the option premium is around $1.50 per option on three times the small caps index.  That premium can be made up by the index on one good down day.  The option is good till April.  It is a good risk reward.  I plan to hold this for a while.

Edit : Added 20% position on Thursday Nov 12th

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