Conservative option strategies, what did you buy or sell today?

[fenders53]

(02-27-2019, 08:04 AM)crimsonghost747 Wrote:

(02-27-2019, 07:54 AM)fenders53 Wrote:

(02-27-2019, 01:31 AM)crimsonghost747 Wrote:

(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? 

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. 

Yeah if you happen to own 400+ shares then messing around with a call or two becomes possible without sacrificing your whole position. I can count quite a few situations recently where I've looked into it, knowing very well I can't do it because I only own 100 shares or less. 

Either I need to get rich or some of my companies have to do a split. 

Yes, being rich would make this a whole lot easier lol.  I do have 200 shares of quite a few companies.  Sometimes I do have calls sold against all shares.  Of course our stock, or overall timing will be very flawed at times.  So why would I sell both calls on the same day, rather than stagger the contracts weeks apart?  Oh yeah, to save literally just two dollars on commissions by making it one trade.  I shake my head at myself sometimes.    Anytime you have the chance to spread the risk of being a bonehead, we must do it.