(11-30-2018, 04:41 PM)Kerim Wrote: Good points, thanks!
I decided to take the plunge and "learn by doing"! Sold my first contract today -- the very one I used in my MO example earlier this afternoon.
I feel like this was a good first one for me since I think it is already pretty oversold, and it is a company I'd be glad to own more of for the long haul.
Wish me luck!
Good luck Kerim!
MO is on my repeat offenders list. I usually own a 100 shares long, have a put sold for another 100-200, and a call sold for at least 100. I desire to keep some shares and get a dividend. There will be a day when I get called out and I'll sell more puts. I'm really not trying to be long more than 200 shares so I have to be careful. I do the same thing with T-BAC-MET-HD-ABT. They are good straddle stocks. It's not really an option straddle at all, just long with puts and calls written with the swings. but I am riding the fence like a straddle and it works out a lot of months. Keeps me entertained and no matter which direction the stock swings something is working.