02-19-2019, 11:01 AM
I have not traded utes outside of T so fender got me thinking of trading XLU. I', looking at a weekly chart with 3emas and it looks like this may be the start of a pretty good strat.
Green bars; wait for a lower week then sell puts.
Red bars: wait for an up week and sell calls.
In addition to income for myself, I'm trying to develop mechanical type strategies for my young adult children as an additional income stream they can execute without the learning curve that I've needed.
Green bars; wait for a lower week then sell puts.
Red bars: wait for an up week and sell calls.
In addition to income for myself, I'm trying to develop mechanical type strategies for my young adult children as an additional income stream they can execute without the learning curve that I've needed.