info, page-25

hi ric3224,
yes, you are correct RRR not good at present.
i have no bhp trading shares at present (will always have a core holding).
last week i bought some $37 dec puts (its not often i buy options, i mainly sell options).
my plan is if the sp trends down to around the strike price over the next 2 or 3 weeks and my charts show a swing low, i am buying with the safety of knowing i have some insurance in place at the strike price.
this is not my normal trading plan but my weekly indictors are showing overbought at present.
i could do a naked bear call spread but i am unsure if this is wave 5 or wave b
there is the risk, at present, of bhp going ahead with the takeover of rio, if so i feel the sp will come off (short term) so once again insurance is always part of my trading plan.DYOR.
any comments would be great.

have a good one.

582