One of the other brutalized issues post-Brexit is EFA, which is basically "everyone" besides Canada and the U.S.
Here, the point at which I would consider a buy for my covered call portfolio is subject to change, depending on what happens at 51, which is the 50 Fib from the 2009 to the 2014 high. That would not be a bad buy area, but obviously lower is better and if it's going to express fragility at the 50 Fib by breaking through that level precipitously, well, then, I don't want to pull the trigger there ... . Another one to set an alert on for 51, at which time I'll check the chart to see what's goin' on ... .
Sidenote: For EFA, you can actually get pretty decent money for just selling the 51 put (currently priced at 1.11 in the Aug monthly expiry) if you want to shoot for assignment at that price level ....
Here, the point at which I would consider a buy for my covered call portfolio is subject to change, depending on what happens at 51, which is the 50 Fib from the 2009 to the 2014 high. That would not be a bad buy area, but obviously lower is better and if it's going to express fragility at the 50 Fib by breaking through that level precipitously, well, then, I don't want to pull the trigger there ... . Another one to set an alert on for 51, at which time I'll check the chart to see what's goin' on ... .
Sidenote: For EFA, you can actually get pretty decent money for just selling the 51 put (currently priced at 1.11 in the Aug monthly expiry) if you want to shoot for assignment at that price level ....
