02-19-2019, 12:04 PM
(02-19-2019, 11:54 AM)ChadR Wrote: Thankfully it was only for 100 shares of GE. Yeah, if I did get stuck with it, I would have immediately started selling calls on it for income. I knew it was a gamble when I sold the put, but it was a small gamble that I was willing to take.
I do that with a stock or two per month. It's admittedly fun. It is easy to let greed get you when premiums on shaky stocks are often the best. The premiums are high for a reason and I always keep the speculative stuff to a very small % of my port. I see no harm it it, but it is a slippery slope. many people get lucky doing it when the bull is running, then they mistakenly think they have it completely figured out and double down with margin.
