The biggest thing I’m watching today is what’s going on with oil…
With names like Exxon and Devon Energy up big, I’m considering selling covered calls against some of my energy stocks.
When we see big moves like this, it’s not sustainable… So taking advantage of the situation and selling covered calls allows me to bring in some income and lower my cost basis.
The market action for the rest of the week will likely hinge on the employment situation, as we have a lot of data on the table.
April is typically a bullish month, and the market appears to want to run higher. But this April is going to be unlike any other…
There’s no telling what the Federal Reserve will do… Investors are feeling uncertain about the state of the economy, and I think we’re going to have a lot more continued volatility.
Want to know how I’m planning to trade during times like these?
Trade well,
Jack Carter
Jack Carter Trading