1. I need to adjust the trade on my DR Horton MAY 15 PUTS. I've got a nice profit, and the expectation that the underlying stock still has some room to go down. Sell stop at about $2.40.
More later - I think I'm going to try selling some more cash secured PUTS. That seems to match what I think of the current market. There are buying opportunities, but I don't think the market is at the bottom. So sell some puts on good stocks. If the market goes up, they expire and I make money. If it goes down, I've got a better entry point than if I just buy the stock straight away. So - I need to be looking to sell expensive PUTS.




