HAL Put Entry
I am buying some 30 MAR 42 puts on HAL at 1.55. Looking to use today’s high as a stop which puts this trade at about 40% risk. This gives me about 60% of my account invested which is a bit high for all the mixed market signals but the reward potential is very high if the market gets any kind of jolt.
I am holding SDS and CAT overnight as well and FCX. I had written FCX off, but with a pop today, there is some value coming back. Still need another good surge to start looking at pulling it off.