(02-27-2019, 01:31 AM)crimsonghost747 Wrote:No, it's not the same thing. OK, maybe it is. I knew something like that was coming from you.(02-26-2019, 10:27 PM)fenders53 Wrote: Here is an example of patience paying off when you sell a call on a stock you don't wish to sell, but are just trying to boost income.
Wasn't your number one rule not to sell a put in a company you don't want to own? Isn't selling a call in a company you don't want to get rid off kinda the same thing?
Seriously though, the "have my cake and eat it too trick" was complicated this month. I don't wish to deal with it constantly, with a handful of stocks. It's just become a market of extremes. I think everybody here expected the market to bounce, and nobody expected it to go up everyday for months, barely stopping long enough to take a breath.
I thought both my AAPL and HD shares were goners. I waited for them to run way up before I sold the calls. I guess the only point I was trying to share is you can often squirm out of expiration. The best compromise is probably to not have calls sold against some of your shares like I do with T. Unfortunately I don't have a couple hundred extra shares of AAPL laying around lol. I'll have to be more careful with my expensive shares. I wouldn't be happy if AAPL ran $40 in a month and left me behind. That is something I consider possible.
There isn't any doubt that selling puts and calls is much easier to manage in a flat or even a choppy market. A whole lot easier to do that buy high-sell low thing. I really don't mind rolling puts forward a few times to get in near a bottom. MO and XOM are not so volatile (usually), and it is much easier to manage.