Aug 6, 20221 min
Updated: Aug 19, 2022
Hi Advanced Traders!
As we are keeping an eye out on the markets, it seems that we are trending higher.
Right now, I am slowly shifting our bearish strategies into conservative neutral strategies, such as selling further OTM CSPs.
As we continue to collect premiums and free up capital from our covered calls (converted from bear call spreads), we may consider using our cash to trade LEAPS options. However, I want to be cautious in the upcoming months. The end of the summer is typically slower due to institutional traders taking a break. Also, during September and October, we have 9/11 and superstitious pullbacks. Usually when we head towards November and December, we have a Santa Claus rally where markets have a more positive sentiment. This is usually a more strategic time to slowly scale into LEAPS.
Be patient for now and keep an eye on the markets by listening to the Fed.
Have a wonderful weekend, everyone!😀
-Steve and the Call to Leap Team
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