This market volatility is great for my ETF Covered Call strategy as it’s been extremely profitable to buy long and simultaneously sell short.  I’ve made $3,000 these past few days and  with the market gyrations, it’s been exceptionally profitable to buy back those contracts on the cheap when the market turns the opposite direction.

I had a feeling that the bailout bill wasn’t going to pass after I read it Sunday night, it just didn’t have anything good in it to solve any real problems.   My guess is that the bill would have simply pushed the problem onto the next administration to deal with it.

I suspect the bill will pass later today or this week with some crazy shenanigans pulled and that may rally the market which would mean more profits to bank ;)

Good hunting.