For the most part, these underlying stocks (and I guess the entire market) have had a crazy run so far for March.  I am going to have to give some serious thought to what I should do next.  I’m pretty sure I’ll open another position on SSO close to at the money, but probably do it like I did for this expiry by starting with a small position and then adding to it if we get another dip.  I want to be sure I have exposure to the upside, but at the same time want to be sure I have some cash ready if we fall another 5-7% again.  I still think we’re somewhat safe from a 20+% correction and could also use a small dip to keep this bull market in check.

As a side note, AXA finished today at .35.  I left a lot of money on the table by closing this early when it dipped.  AXA was trading at .35 at the time I closed the position last month.  That’s 0 I could have saved by waiting until today to close my naked puts.  The rest of my positions made up for it to give me a profitable expiration, but I recognize I could’ve done better.  At the same time, I did replace my AXA position with other options that are doing well, so it’s not exactly an 0 mistake when you consider the replacement positions.  Still, I made a mistake by buying it back earlier than I should have. 

I’m still easing my way into heavier exposure and today just opened the doors to get back into an options selling spree for any stocks I think could be worth a try.  I took in some good premiums this week and just need to get back in the habit of doing that every week so that when I take a loss I still have the profit growth to reach my end of the year goal.

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