Agree about the RSI, 80's I believe last I checked---I'm still trading on a more or less daily basis, but t the same time being careful on the buy and sell---simply try to catch the low, and following the RSI on the way up---F doesn't always act in the way other stocks do dealing with the RSi, you can get a sell off in the mid 50's, andI've seen it run into the 80"s when the market is on a run---that happened the other day and I missed it----I feel F is going to run into the 15's, before the next 60 days and we get into the blood bath in D.C. to raise the debt cieling---utill then think were o.k.----if I can make 2-3 % on a trade I'm o.k. with that---still think it's a good buy even with the high RSI---
Thinking of buying 25 contracts of Feb. $13's puts to insure my positions (partially) on the downside. That would take us considerably past earnings. At $33.00/contract = $825.00 - seems like a good insurance policy against my substantial gains. Your thoughts?