If you want to see how a millionaire trades just watch and I hope that you learn.


Sold 9 puts, AES Dec 20th 5 strike at .20 bringing into my account $180 (gross before Commission) But why sell puts on energy stocks or energy infrastructure stocks when we all know they are going down? when a stock is cheap it is cheap at that's just a fact and I believe that this stock is too low. Because that is pure short term thinking.

Now that we've seen some of the sell off and we'll probably see more, I'm looking long term. Do you think that electricity will be necessary for developing countries to keep up with their demand in the future when things pick back up? I think so and thus they will need new power plants to produce energy for their constantly growing population that wants the middle class lifestyle and I don't see why the Developing countries shouldn't have what they want, it may be a while, but they will get there, to the promised land. On sale at a never again in this century seen price is Symbol AES IMHO, but many of hedge funds still have redemption's to do and this stock may go lower.

I'm going to try and buy 900 shares of AES by selling the DEC 5 strike as the stock may get down there by then. This sell off is going to last a while and I don't want to be put too many stocks too soon, or I'll have to wait too long to recover my money, but given the 52 week high of $23+ and an all time of $68+ with an all time low of $3ish, I think that I'm getting in at the right price. This stock someday will go back up the $50-$100 and when it does I want to be in it.