I like grocers as they will both hold up well if there is a bear
market, and they benefit from low oil
prices. Walmart has recently broken it's 55 day moving average on strong volume
. Normally, I would just buy a long call, but because it was off today, I decided to go with a cash flow strategy of buying the JUNE 85 CALLS, and sell Weeklies against it starting with next week at 90.50 (which happens to be the January monthly). The time value on your long call will be a dollar and change. That's nothing. Should be a very high probability trade that is easy to defend if it should happen to go south, and hugely profitable as long as it doesn't.