04-04-2019, 09:39 AM
(04-04-2019, 09:24 AM)fenders53 Wrote: 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.
These are purely gambling for me, so I have to get something out of the WBA shares. Keeping them around and generating 3% a year on dividends is not what this money is for. I've given up on the hopes of this WBA adventure having a positive outcome so time to see what I can salvage.
I've actually never rolled forward before. But I'll definitely take a look at it if the situation presents itself.