12-07-2018, 05:17 PM
Looks like a good trade to me too. Most of the consumer staples are good sticks to get your feet wet with puts. These are the perfect days to sell puts. Most Stocks already down and then the market gets hammered. I have about 24 put contracts open now from DEC 21 to FEB. I finally ran out of collateral I could access without notice. Probably a good thing because the market is hard to lay off of right now.
24 options probably sounds unmanageable, or even reckless I'm sure, but none of them are in anything I consider volatile. Even after this week only a few are in the money. About 10 utility contracts + T, MO, ABT, BMY, PFE,MET,PRU,O etc.
I have a feeling some MO shares are going to be assigned to me which is fine. I might roll one forward if they are deep in the money. Those are DEC 21 57.50 strike contracts. When I sold them I just knew they'd expire worthless. You just never know what Mr Market will do in a month.
24 options probably sounds unmanageable, or even reckless I'm sure, but none of them are in anything I consider volatile. Even after this week only a few are in the money. About 10 utility contracts + T, MO, ABT, BMY, PFE,MET,PRU,O etc.
I have a feeling some MO shares are going to be assigned to me which is fine. I might roll one forward if they are deep in the money. Those are DEC 21 57.50 strike contracts. When I sold them I just knew they'd expire worthless. You just never know what Mr Market will do in a month.