DOG for a falling DJIA
Posted by | Posted in ETFs | Posted on 08-10-2008
If you think there’s more pain ahead for the Dow, then buying DOG which is an inverse ETF for DJIA might be a good idea.
This morning I bought a DOG NOV 72 call with an 82 delta. I’m doing a stock replacement strategy and plan on rolling down when the delta goes above 85. This strategy of ITM calls with 80-85 deltas and rolling to keep that delta has worked well for me before.. We’ll see how it works out.
On another note, DEFINITELY moving this blog this weekend! If anyone has experience moving from Typepad to Wordpress please pass along any gotchas I should know of now..