65 0 2
On a fairly regular basis, I look for things to add to my covered call portfolio. While on occasion I'll dabble in individual underlyings, my preference is to look to exchange traded funds that represent an asset class (e.g., XRT             (retail), XLF             (financials)) or market (e.g., EWZ             (Brazil), EEM             (emerging markets)) so that my hat's not always hanging on a single equity in the class.

Unless you've been hiding under a rock or have been stranded on a desert island, the "hot topic" of the day is Brexit, so it makes sense to look for exchange traded funds with exposure to the U.K. or Europe to see if something pops out -- EWU             does.

For one thing, it's awfully cheap -- especially when compared to SPY             , IWM             , and FTSE             futures -- such that doing a covered call won't eat up a huge amount of capital if that's the option you go with here. On the other hand, it's almost too cheap to work it with a short strangle, since there's hardly any "meat" (i.e., premium) on its bones.

Because patience generally pays off, I'm waiting for it to fall into this long-term support area between 14 and 13.25 before pondering a bullish setup and am setting an alert to remind me to again revisit the chart if it continues to collapse to that area. As an alternative, I can just start to sell puts in that buy area, hoping to get an assignment at a favorable price; otherwise, I'll just pocket the credit received in the event price doesn't break my short put (currently the August 19th 14 put is priced at about $50; that ain't exactly "huge premium").

Others on my "shopping list": XLF             , XBI             , and EFA             ... .
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
首页 股票筛选器 外汇信号搜索器 加密货币信号搜索器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
个人资料 个人资料设置 账号和账单 我的支持通知 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出