Rule 1: Never bet against America
Rule 2: Never bet on earnings
Rule 3: 3 months out, never more than 10% out of the money.
Rule 4: Know fair value of contracts (what they are at the money one month before expiration).
J.C. Parets is the Founder & President of Eagle Bay Capital, LLC. and the Senior Editor of Allstarcharts.com. He Earned the Chartered Market Technician designation (CMT) and is a member of the Market Technicians Association.