01-01-2017, 04:59 PM
(01-01-2017, 03:17 PM)ronn38 Wrote: Never tried options before, and I want to.
I wanted to, and will eventually, start writing sell to open --but I discovered Capital One doesn't allow Sell to open Puts, so calls are where I start.
I'm thinking of a buy/write on two companies I would have no problem owning, Roche Holding AG ADR and Amgen Inc AMGN. Both are listed as wide-moat, Low-value uncertainty stocks trading way below valuation at 5 stars, and have started to trend up. I would buy and hold these, however I am already heavy in pharm and Roche has tax issues (Medtronic is what I'd like to hold in Health sector).
So these seem like no-brainers to sell to open a call contract.
Any thoughts, warnings, advice, good place for further reading on this idea?
Thanks,
Ronn
Not being snarky but find a real brokerage that allows selling puts to open.
A cash secured put is the synthetically same as your buy/write setup. Except it generates more commission to your brokerage house.
