(03-26-2021, 09:58 AM)divmenow Wrote:

(03-26-2021, 09:52 AM)I Yo Otter Wrote: Also, kudos to whomever bought the 4/1 $56 strike CAH covered calls I sold a few weeks back. Naturally the stock that has been flat/sideways for the past year decides to go straight up right after I sell some calls.

Need to figure out what to replace CAH with . . .

The stocks that have been consolidating and have done nothing are the ones going up now. Even T is moving now   Maybe the drug stocks are next to run.

(03-26-2021, 10:38 AM)kblake Wrote: Added to T. I would much rather be in that name then some over valued stock trading at 100+ PE. I now have 500 shares and I'm find collecting that dividend while waiting on some names I really like to correct.

You can laugh but T with HBO Max is very undervalued here and the stock finally has legs lol. I can see $35 soon

HD has gone straight up and I ended up selling it at $301. I have been in that name since 1994. It was 3rd longest hold, bit valuations are becoming a bit much now so will use those proceeds and add some LLY, APD and MO

(03-26-2021, 10:17 AM)Otter Wrote:

(03-26-2021, 09:58 AM)divmenow Wrote:

(03-26-2021, 09:52 AM)I Yo Otter Wrote: Also, kudos to whomever bought the 4/1 $56 strike CAH covered calls I sold a few weeks back. Naturally the stock that has been flat/sideways for the past year decides to go straight up right after I sell some calls.

Need to figure out what to replace CAH with . . .

The stocks that have been consolidating and have done nothing are the ones going up now. Even T is moving now   Maybe the drug stocks are next to run.

The premiums on T were so low, it wasn't even worth selling covered calls. Adding to my T position substantially under $30 worked out quite well (for now). Looking forward to that next dividend.   

I just know if I sell calls on my BMY, MRK, PFE, etc., that they will run 10% in the next week. So, have just been sitting on them. CAH has never been one of my favorite DGI stocks (low margins and small annual dividend increases for much of the past decade), so I'm not too bummed by finding something else to replace it with.

(03-26-2021, 10:38 AM)kblake Wrote: Added to T. I would much rather be in that name then some over valued stock trading at 100+ PE. I now have 500 shares and I'm find collecting that dividend while waiting on some names I really like to correct.

You can laugh but T with HBO Max is very undervalued here and the stock finally has legs lol. I can see $35 soon

HD has gone straight up and I ended up selling it at $301. I have been in that name since 1994. It was 3rd longest hold, bit valuations are becoming a bit much now so will use those proceeds and add some LLY, APD and MO

(03-26-2021, 11:35 AM)fenders53 Wrote:

(03-26-2021, 10:17 AM)Otter Wrote:

(03-26-2021, 09:58 AM)divmenow Wrote:

(03-26-2021, 09:52 AM)I Yo Otter Wrote: Also, kudos to whomever bought the 4/1 $56 strike CAH covered calls I sold a few weeks back. Naturally the stock that has been flat/sideways for the past year decides to go straight up right after I sell some calls.

Need to figure out what to replace CAH with . . .

The stocks that have been consolidating and have done nothing are the ones going up now. Even T is moving now   Maybe the drug stocks are next to run.

The premiums on T were so low, it wasn't even worth selling covered calls. Adding to my T position substantially under $30 worked out quite well (for now). Looking forward to that next dividend.   

I just know if I sell calls on my BMY, MRK, PFE, etc., that they will run 10% in the next week. So, have just been sitting on them. CAH has never been one of my favorite DGI stocks (low margins and small annual dividend increases for much of the past decade), so I'm not too bummed by finding something else to replace it with.

I hate it when that happens.  I try hard to just sell them one at a time to see if I trigger a rally lol.  I have been selling calls on PFE and MRK but I am being careful and keep some shares uncovered.  Maybe I would consider BMY soon but not quite yet.

(03-26-2021, 01:16 PM)Otter Wrote:

(03-26-2021, 11:35 AM)fenders53 Wrote:

(03-26-2021, 10:17 AM)Otter Wrote:

(03-26-2021, 09:58 AM)divmenow Wrote:

(03-26-2021, 09:52 AM)I Yo Otter Wrote: Also, kudos to whomever bought the 4/1 $56 strike CAH covered calls I sold a few weeks back. Naturally the stock that has been flat/sideways for the past year decides to go straight up right after I sell some calls.

Need to figure out what to replace CAH with . . .

The stocks that have been consolidating and have done nothing are the ones going up now. Even T is moving now   Maybe the drug stocks are next to run.

The premiums on T were so low, it wasn't even worth selling covered calls. Adding to my T position substantially under $30 worked out quite well (for now). Looking forward to that next dividend.   

I just know if I sell calls on my BMY, MRK, PFE, etc., that they will run 10% in the next week. So, have just been sitting on them. CAH has never been one of my favorite DGI stocks (low margins and small annual dividend increases for much of the past decade), so I'm not too bummed by finding something else to replace it with.

I hate it when that happens.  I try hard to just sell them one at a time to see if I trigger a rally lol.  I have been selling calls on PFE and MRK but I am being careful and keep some shares uncovered.  Maybe I would consider BMY soon but not quite yet.

I've found that the easiest covered calls to sell are on a newly acquired position, where I don't have any sort of attachment to the holding (I shouldn't have any, but such is life). Instant gain with the premium, no major regrets if it gets called away in a few weeks, and if it stays flat or drops, I think about that premium again and feel positive.

(03-26-2021, 01:46 PM)vbin Wrote: Sold puts on PLTR. Closed a put on abnb and a call on bp.

(03-26-2021, 02:10 PM)fenders53 Wrote:

(03-26-2021, 01:46 PM)vbin Wrote: Sold puts on PLTR. Closed a put on abnb and a call on bp.

Still watching PLTR.  As soon as I see any sign of a bottom I am joining you.  Stock death spirals suck, even when you know it will end in the next few months.

(03-26-2021, 02:42 PM)Otter Wrote:

(03-26-2021, 02:10 PM)fenders53 Wrote:

(03-26-2021, 01:46 PM)vbin Wrote: Sold puts on PLTR. Closed a put on abnb and a call on bp.

Still watching PLTR.  As soon as I see any sign of a bottom I am joining you.  Stock death spirals suck, even when you know it will end in the next few months.

I've just been adding shares on the way down, mostly under $25. Like T, I'm willing to give it the next three years for my investment thesis to play out. I think PLTR will be able to maintain stellar growth figures over the next several years. Also, I've seen it pop to the upside 20% in a day, so timing a bottom could be tricky if there is a sudden reverse.