09-26-2019, 11:09 PM
(09-26-2019, 10:02 PM)NilesMike Wrote:(09-26-2019, 09:55 PM)fenders53 Wrote: Finally put some of my excess cash to work the past few days. Sold one or more put contracts in LMT-MMM-CSCO-AAL-F-MRK.
I was definitely a little nervous pulling the trigger on LMT. That's a big boy trade for my port. It would be the largest individual stock transaction I've ever made. 375 strike price so I'm probably just collecting a big premium.
Definitely a big boy trade!
Good luck with the puts.
NOV ??
Yes most of the expirations are NOV. A few are weekly because my work schedule just makes it too hard to manage excessive positions with the same DTE if I end up having to roll forward. Your SPX trades are conservative enough IMO. More conservative than mine. I have about ten stocks I know pretty well. I try to stay long and grab dividends but now and then I get called out, then rinse and repeat with a new put on the next dip. It's surprising to most how much income you can generate with boring high div stocks that hang out in a predictable enough trading range.
And the LMT put is worth $11,500 more than my first house I spent 12 years working hard and paying off lol.