In the interest of fair reporting this has been a tough month to sell puts. Very few contracts have expired worthless with the exception of utilities. I got forced into MET-MO-KHC-BMY-ABT last week. I am mostly cool with that outcome because I have sold puts against most of them for 2-4 months. I sold a lot of puts against JNJ but missed the dip because they were overvalued just prior IMO, so I gave it a pause. It's good to be lucky.
Right or wrong I got cold feet with the KHC add. I am too fat and lowered confidence, so I flipped the new shares for more T the day they were assigned.
I have more puts in the money now so we'll see what the next few onths month brings. Some month I will get pushed into a lot of utility shares. I'm definitely OK with that as I have been selling contracts since SEP in XEL-SO-AEP-D and more. They would have to dip 20% more in a hurry to make me feel bad.
I am trying to stick to the plan and continue selling in the same companies I researched last fall. GIS, JPM and PRU are new to the rotation though.
Right or wrong I got cold feet with the KHC add. I am too fat and lowered confidence, so I flipped the new shares for more T the day they were assigned.
I have more puts in the money now so we'll see what the next few onths month brings. Some month I will get pushed into a lot of utility shares. I'm definitely OK with that as I have been selling contracts since SEP in XEL-SO-AEP-D and more. They would have to dip 20% more in a hurry to make me feel bad.
I am trying to stick to the plan and continue selling in the same companies I researched last fall. GIS, JPM and PRU are new to the rotation though.