I’ve got good news and bad news…
The bad news is that the Dow Jones is down another 300 points on the day, as oil sinks to historic lows on oversupply warnings.
The good news – we hold puts on the Dow Jones (DIA), as well as on Disney (DIS).
Yep, on November 30, we issued a buy recommendation on the DIA January 176 put [$3.10 entry price] and on the Disney January 110 put [$2.70 entry price]…
As of today, the DIA put last traded at $5.80. Sell to close half.
The DIS put last traded at $4.88. Sell to close half.
Hold all other open positions. We’re updating the portfolios as we speak.
Have a great weekend… and a happy, healthy holiday.
Ian L. Cooper
Rapid Retirement System