3rd time this week…mostly out of boredom but starting to add up. Trading the bounce off the 50 and rejection off the 21ema as it consolidates.
Bought double size positions yesterday at 66.60 and 65.60. Sold it all at 67.60 today. Adds up nicely in the #401k.
Main position in regular account is short Dec 75 puts that I’ve been rolling out but not down for a couple months. Doubling down bullish by rolling short Feb 50 puts up to Feb 70 for 6.40 credit. (yesterday). Breakeven on Dec position is 69.15 and 61.50 on the Feb position. Leaving Jan open for probable roll of the 75’s again. Gradually adding nice premium each month while the politicians bad mouth those evil drug companies…LOL