(10-02-2020, 11:16 AM)fenders53 Wrote: [ -> ] (10-02-2020, 11:11 AM)vbin Wrote: [ -> ]Added some XLE in a retirement account. I have a put at $29 expiring today. I plan to take it if it gets assigned.
Who wouldn't? It can't possibly go any lower. 
On the morning dip sold a strike 56 RTX that expires next week IIRC. I've been selling RTX puts down here most every week for awhile. IMO it's finding support short of a big market correction. I'm OK with the alternative long term if I am wrong. S-T still looks bleak though. Have a lot of cash so maybe next week provides an opportunity. Trying not to rush this. First week in a while I couldn't redeploy expired options money.
I have a couple RTX puts too. Got 1 assigned last week and happy to keep it.
(10-02-2020, 11:11 AM)vbin Wrote: [ -> ]Added some XLE in a retirement account. I have a put at $29 expiring today. I plan to take it if it gets assigned.
(10-02-2020, 11:41 AM)vbin Wrote: [ -> ] (10-02-2020, 11:16 AM)fenders53 Wrote: [ -> ] (10-02-2020, 11:11 AM)vbin Wrote: [ -> ]Added some XLE in a retirement account. I have a put at $29 expiring today. I plan to take it if it gets assigned.
Who wouldn't? It can't possibly go any lower.
On the morning dip sold a strike 56 RTX that expires next week IIRC. Â I've been selling RTX puts down here most every week for awhile. Â IMO it's finding support short of a big market correction. Â I'm OK with the alternative long term if I am wrong. Â S-T still looks bleak though. Â Have a lot of cash so maybe next week provides an opportunity. Â Trying not to rush this. First week in a while I couldn't redeploy expired options money.
I have a couple RTX puts too. Got 1 assigned last week and happy to keep it.
I have one open that may or may not get assigned today. I'm good with it down here. Sold the new one at 56 just now to prove it lol.
Added XLE and started a position in JWN.
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(10-02-2020, 06:37 AM)fenders53 Wrote: [ -> ] (10-02-2020, 06:27 AM)NilesMike Wrote: [ -> ] (10-02-2020, 05:10 AM)fenders53 Wrote: [ -> ] (10-01-2020, 01:53 PM)vbin Wrote: [ -> ]XLE $29, Lol.
Bought a few puts back for cheap yesterday. Sitting on some cash. Good deals are hard to find again. Sold a TLT put as I'm not hedged much.
Might be able to buy the TLT puts back today for a nice gain!
Most likely. I am getting better at playing this market chop. I think the market is going to have trouble running in the same direction much more than a few days, for the next few months anyway. I am trying to grab a few TLT puts everytime equities run for a few days, then usually get a chance to close them within a week. Gold and silver has worked too, but not as well as it pulls back with equities initially, at least lately it has.
I have been doing puts and calls on T and KO in a separate account just for this strategy. I ALWAYS have a put on and a call on each
One goes up, the put gets bought back. One goes down a put goes on and a call comes off.
Have done 10 of each on each since Sept 1.
(10-05-2020, 06:38 AM)NilesMike Wrote: [ -> ] (10-02-2020, 06:37 AM)fenders53 Wrote: [ -> ] (10-02-2020, 06:27 AM)NilesMike Wrote: [ -> ] (10-02-2020, 05:10 AM)fenders53 Wrote: [ -> ] (10-01-2020, 01:53 PM)vbin Wrote: [ -> ]XLE $29, Lol.
Bought a few puts back for cheap yesterday. Sitting on some cash. Good deals are hard to find again. Sold a TLT put as I'm not hedged much.
Might be able to buy the TLT puts back today for a nice gain!
Most likely. I am getting better at playing this market chop. I think the market is going to have trouble running in the same direction much more than a few days, for the next few months anyway. I am trying to grab a few TLT puts everytime equities run for a few days, then usually get a chance to close them within a week. Gold and silver has worked too, but not as well as it pulls back with equities initially, at least lately it has.
I have been doing puts and calls on T and KO in a separate account just for this strategy. I ALWAYS have a put on and a call on each
One goes up, the put gets bought back. One goes down a put goes on and a call comes off.
Have done 10 of each on each since Sept 1.
I have done something similar with a portion of my port with about five stocks since we discussed it on the conservative options thread. Works very well as long as I can find solid Div stocks they are in the lower end of their trading range. Nice income in a market that is choppy and range bound.
(10-05-2020, 08:55 AM)fenders53 Wrote: [ -> ] (10-05-2020, 06:38 AM)NilesMike Wrote: [ -> ] (10-02-2020, 06:37 AM)fenders53 Wrote: [ -> ] (10-02-2020, 06:27 AM)NilesMike Wrote: [ -> ] (10-02-2020, 05:10 AM)fenders53 Wrote: [ -> ]Bought a few puts back for cheap yesterday. Sitting on some cash. Good deals are hard to find again. Sold a TLT put as I'm not hedged much.
Might be able to buy the TLT puts back today for a nice gain!
Most likely. I am getting better at playing this market chop. I think the market is going to have trouble running in the same direction much more than a few days, for the next few months anyway. I am trying to grab a few TLT puts everytime equities run for a few days, then usually get a chance to close them within a week. Gold and silver has worked too, but not as well as it pulls back with equities initially, at least lately it has.
I have been doing puts and calls on T and KO in a separate account just for this strategy. I ALWAYS have a put on and a call on each
One goes up, the put gets bought back. One goes down a put goes on and a call comes off.
Have done 10 of each on each since Sept 1.
I have done something similar with a portion of my port with about five stocks since we discussed it on the conservative options thread. Works very well as long as I can find solid Div stocks they are in the lower end of their trading range. Nice income in a market that is choppy and range bound.
fenders53, you need to teach people like us how to play options :-)
The only options I've ever done are Covered Calls on my MDT stock (and that too using a 3 month expiration date)
(10-05-2020, 09:39 AM)saimash Wrote: [ -> ] (10-05-2020, 08:55 AM)fenders53 Wrote: [ -> ] (10-05-2020, 06:38 AM)NilesMike Wrote: [ -> ] (10-02-2020, 06:37 AM)fenders53 Wrote: [ -> ] (10-02-2020, 06:27 AM)NilesMike Wrote: [ -> ]Might be able to buy the TLT puts back today for a nice gain!
Most likely. I am getting better at playing this market chop. I think the market is going to have trouble running in the same direction much more than a few days, for the next few months anyway. I am trying to grab a few TLT puts everytime equities run for a few days, then usually get a chance to close them within a week. Gold and silver has worked too, but not as well as it pulls back with equities initially, at least lately it has.
I have been doing puts and calls on T and KO in a separate account just for this strategy. I ALWAYS have a put on and a call on each
One goes up, the put gets bought back. One goes down a put goes on and a call comes off.
Have done 10 of each on each since Sept 1.
I have done something similar with a portion of my port with about five stocks since we discussed it on the conservative options thread. Works very well as long as I can find solid Div stocks they are in the lower end of their trading range. Nice income in a market that is choppy and range bound.
fenders53, you need to teach people like us how to play options :-)
The only options I've ever done are Covered Calls on my MDT stock (and that too using a 3 month expiration date)
It's all there in the conservative options thread by myself, Mike, and a few others who would be happy to start over. The problem is it has to be 100 shares and that is a problem for some here. This is a DGI forum first and foremost. We do that too with our core holdings. We are mostly just skimming 50 and 100 dollar bills on Aristocrats that happen to be down. The risk reward is good and appropriate for part of our money and our age. Buying options is mostly gamblers looking for a big score. We are just "being the house" and grabbing weekly/monthly income. Going all in on a high flyer long may well be a better long-term strategy provided the market doesn't put them in a five year nap due to valuation. I just can't do that with much of my money so close to full retirement.
Anyway, post up on that thread if you want some advice.
(10-05-2020, 09:39 AM)saimash Wrote: [ -> ] (10-05-2020, 08:55 AM)fenders53 Wrote: [ -> ] (10-05-2020, 06:38 AM)NilesMike Wrote: [ -> ] (10-02-2020, 06:37 AM)fenders53 Wrote: [ -> ] (10-02-2020, 06:27 AM)NilesMike Wrote: [ -> ]Might be able to buy the TLT puts back today for a nice gain!
Most likely. I am getting better at playing this market chop. I think the market is going to have trouble running in the same direction much more than a few days, for the next few months anyway. I am trying to grab a few TLT puts everytime equities run for a few days, then usually get a chance to close them within a week. Gold and silver has worked too, but not as well as it pulls back with equities initially, at least lately it has.
I have been doing puts and calls on T and KO in a separate account just for this strategy. I ALWAYS have a put on and a call on each
One goes up, the put gets bought back. One goes down a put goes on and a call comes off.
Have done 10 of each on each since Sept 1.
I have done something similar with a portion of my port with about five stocks since we discussed it on the conservative options thread. Works very well as long as I can find solid Div stocks they are in the lower end of their trading range. Nice income in a market that is choppy and range bound.
fenders53, you need to teach people like us how to play options :-)
The only options I've ever done are Covered Calls on my MDT stock (and that too using a 3 month expiration date)
I agree teach us the basics here.
Do your sell puts to be able to buy the stock at that set price? For instance I want to Sell Puts on T at $28 on Nov 17th. So if T hits $28 before then, I get to purchase the stock at $28?? Or can I decline that and just take what ever money is on the option? Do you even make money on Puts or it's just a way to buy the stock at a price you want. I mean if that were the case why not just set a limit buy order on it lol. So what is selling a put and how can I make money on them??
And how about calls. How do they work if you are selling or buying a call?? I assume you make money if the stock goes up??
Examples pleaseÂ
(10-05-2020, 10:38 AM)stockguru Wrote: [ -> ] (10-05-2020, 09:39 AM)saimash Wrote: [ -> ] (10-05-2020, 08:55 AM)fenders53 Wrote: [ -> ] (10-05-2020, 06:38 AM)NilesMike Wrote: [ -> ] (10-02-2020, 06:37 AM)fenders53 Wrote: [ -> ]Most likely. I am getting better at playing this market chop. I think the market is going to have trouble running in the same direction much more than a few days, for the next few months anyway. I am trying to grab a few TLT puts everytime equities run for a few days, then usually get a chance to close them within a week. Gold and silver has worked too, but not as well as it pulls back with equities initially, at least lately it has.
I have been doing puts and calls on T and KO in a separate account just for this strategy. I ALWAYS have a put on and a call on each
One goes up, the put gets bought back. One goes down a put goes on and a call comes off.
Have done 10 of each on each since Sept 1.
I have done something similar with a portion of my port with about five stocks since we discussed it on the conservative options thread. Works very well as long as I can find solid Div stocks they are in the lower end of their trading range. Nice income in a market that is choppy and range bound.
fenders53, you need to teach people like us how to play options :-)
The only options I've ever done are Covered Calls on my MDT stock (and that too using a 3 month expiration date)
I agree teach us the basics here.
Do your sell puts to be able to buy the stock at that set price? For instance I want to Sell Puts on T at $28 on Nov 17th. So if T hits $28 before then, I get to purchase the stock at $28?? Or can I decline that and just take what ever money is on the option? Do you even make money on Puts or it's just a way to buy the stock at a price you want. I mean if that were the case why not just set a limit buy order on it lol. So what is selling a put and how can I make money on them??
And how about calls. How do they work if you are selling or buying a call?? I assume you make money if the stock goes up??
Examples pleaseÂ
This isn't the thread for it but I'd be happy to share every trade for a few months if anyone would actually read it and converse. It isn't complicated.  The short answer to your question is yes, but I generally try to NOT be exercised unless a stock gets truly dirt cheap. On average I make more money if I just roll it forward and keep more capital freed up so I can continue to play he game again next week. I should go count how may of these trades I have the past year. It's a big number. I'm dying to make some more but today is not the day and patience usually works out.
Stockguru, (and anyone that is interested).... let's meet on the Conservative Options thread. We'll keep it simple, but the examples need to be real. I'll make the trades. This isn't a perfect day FOR SURE, but my contract expired Friday and I'm a little cashy so what the hell, I can force a conservative trade, and look for a more speculative one OK?
(10-05-2020, 12:16 PM)fenders53 Wrote: [ -> ]Stockguru, (and anyone that is interested).... Â let's meet on the Conservative Options thread. Â We'll keep it simple, but the examples need to be real. Â I'll make the trades. Â This isn't a perfect day FOR SURE, but my contract expired Friday and I'm a little cashy so what the hell, I can force a conservative trade, and look for a more speculative one OK?
Sounds good... Will watch that space to see any updates from you... Thanks !!!
(10-05-2020, 12:19 PM)saimash Wrote: [ -> ] (10-05-2020, 12:16 PM)fenders53 Wrote: [ -> ]Stockguru, (and anyone that is interested).... Â let's meet on the Conservative Options thread. Â We'll keep it simple, but the examples need to be real. Â I'll make the trades. Â This isn't a perfect day FOR SURE, but my contract expired Friday and I'm a little cashy so what the hell, I can force a conservative trade, and look for a more speculative one OK?
Sounds good... Will watch that space to see any updates from you... Thanks !!!
I'll force a couple conservative trades and we'll proceed from there.