Neither the bulls or the bears have gotten the upper hand this week. The specter of another debacle, similar to last year’s, hangs out in the back of our minds, but the fairly constant stream of good earnings reports provides a counterbalance. I think this correction has pretty much run its course. I’m putting some more chips down…
Did a covered call of SPY–bought SPY at 108.42, sold-to-open Feb 109 calls at 1.86 (-SWG100220C109 in Fidelity speak), for a net investment of 106.56.
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