I have two trading accounts. One of them, my small one, is for dabbling in ETF options from time to time. Often it has absolutely nothing in it, and I don’t even bother having a watch list for it. My other account, the “big” account, always has positions, and typically has anywhere from 20 to 30 different put positions on equities, depending on how frisky I am feeling.
At present, my personal account is empty (I took profits on my XLB position this morning, although I am certain I’ll regret it mightily). My big account, which is what my watch list (that premium folks can see) contains, has 24 equity puts and 1 ETF put. I’d like to discuss that ETF put at length here, and the rest of this post will be visible to paying members only.
