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Riding The Storm Out

Posted on June 26, 2008

Little bit of a late start on a very gloomy day for the market.I flipped on CNBC and there is a confluence of news fronts that are all working to hit the market very hard at the start. Not that it matters but but it would not be shocking to see some sort of meaningful bounce back, relative to the open but we'll see.A reader left a comment asking about something he read suggesting buying Pfizer (PFE) to get what the reader said was a 5.6% yield then selling long dated calls to pay for put purchases so that any downside is protected.Well I have not liked Pfizer going back before I wrote about th...

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game , volatility