Team, as the market makes an intra-day bottom, DDM has caught my attention.  I’m particularly impressed with the Jan strike 87 calls which are paying 5.00/contract.  I wish if the index was heavily traded like the rest of the indexes so i can write calls in the masses!!  But, for those with accounts 15 to 20k, I recommend the following:

 Buy 100 shares at market and write (sell to open) 1 jan strike 87 call at 5.00.  Doing that, you have hedged your shares by 5.00!  If you fear that the shares might test below 82 and wish to write lower strike calls, I recommend either strike 85 or 86

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