This week is options aspiration week. Alcoa kicks off the Q1 earnings reporting cycle on Monday followed by Intel on Tuesday and JP Morgan, Google and Bank America later in the week. This will set the tone for the following few weeks about the economy.
If there are no major earning disaster, I am hoping that the long stocks will all be in the money & the April Calls be called out & hence, leaving me with zero positions. This provides the perfect opportunity to lock in some gains and then take a renew look at where the market is going next before taking on anymore new positions. Moving forward in the next couple of weeks, any declines would be regarded as healthy corrections & will present good covered call opportunity as my current medium to long term view is still cautiously bullish.
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