Jason's BigDeaL Trade Alert #42 Stocks have continued to trend higher since we last met on Monday, which has been good for our HD credit put spread, but not for our other open plays. In Big DeaL #41, I shifted strategy to selling puts, while holding on to our bearish bets on XLE and SPY. The XLE play has gone about as badly as any play ever could, but the ETF could drop by 10% in the week to come just as easily as it surged by that much in the week prior. SPY has been surprisingly bullish, but a pullback before November remains a not-improbable event. We'll continue to hold these plays as hedges while collecting premiums for selling puts, but I have adjusted our price targets on all three of our existing positions – see "Open Plays" below for more details. ...

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