21 oct
alright meow, you cant have it both ways. you cant stroke the housing stocks with headlines (just this week) that new housing permits are best in years and mortgage rates are at all time lows again and then have a 4% selloff on "stimulus worries"
posted previously the current levels im looking at. yesterday with stock near 84 i sold the Nov06 86.50 short call at $2.10. on monday as the stock approached 82 i sold the nov06 79.50 short puts at $2.05... referencing the levels , was looking to get at or below the low of 7oct at 79.72 for the Put sale.
of all the few stocks i follow , todays homebuilder selloff seemed the most odd, i dont buy the stimulus worries excuse but whatever. one of my alerts at <81 hit so added another short Put at Nov05 78.50 level this time to stay below the rising 50 day, also near same time reached 50% of max gain of the short call so closed that out after a one day hold. not much cash but paid for some lunches and fill the tank to the truck for the week.
followed my levels again that i was looking at. resetting alert at 84 to look at reselling short call near 86ish again.
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