im guessing your not a technical trader? is this solely based on the january effect? i suppose the january effect can trump technicals but at the same time the fiscal cliff could definitely destroy any possible rally and not to mention the debt ceiling we hit monday.
technicals say different. the daily macd crosses yesterday with the 3 day and the weekly heading that direction, when all 3 macds cross south the odds of a rally without a january effect are virtually zero.
also weekly RSI has divergence and visa is within 5$ of all time high. you see a 30% rally in one month?
i think i wouldnt spend that money just yet if i were you. you would be wise if you did a put credit spread. otherwise your downside risk is unlimited as if this hits $125 a share jan 14 your going to be in a world of hurt.
at this point your a gambler and no more. i dont believe you even sold the puts honestly and its not my money but as a tech analyst your basing everything on what should happen. not what will. same reason best buy board members and circuit city board members declined buyout offers at much better prices because they felt sure of what should happen. not what did.
i apologize as i reread this and realized your 13 months out instead of 1. still extremely bullish and you sold puts when you should have been selling calls by technical standards but eh what do i know.