DJX APRIL PUT CREDIT SPREAD:
Our DJX March position looks pretty good with 5 trading days left and our position being over 1,000 DJIA points out of the money.
We are going to put on our APRIL DJX credit spread starting on the put side. I do not believe by any stretch of the imagination that this economy is out of the woods regarding the current and on going problems. I think we might go lower, but I want to put on a position for APRIL now ,so if we get a bounce I will be putting on the short DJX APRIL call spread as well. In addition, if we do not get a bounce I will be examining when to put on the APRIL DJX Call spread anyway.
In the mean time here is the position recommendation for our DJX play for April.
We are recommending the following specific credit spread for our DJX April position.
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