Not a bad plan, but don't get too close to the money on WBA calls. Yeah the premiums won't be so good. Or be like me and fight to keep shares by rolling calls forward. The stuff I am doing to keep my HD and AAPL shares is a hassle. No money lost yet but a real hassle. BAC should work out for you. I have long shares and constantly straddling it with put and call sales. I got stuck with some overpriced BAC shares via put sale in DEC, but I am squirming out of it just fine because it is less volatile.
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Conservative option strategies, what did you buy or sell today?
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