03-19-2020, 09:44 AM
For now I have to stay out of my "real crash" cash I have set aside for Armageddon. I can't really buy many more shares. I know this is a DGI forum so if my conservative option income game posts bug you please speak up and I'll stop. I'm concerned I am going to lose some of my dividends so I am playing some cash generating tricks with a part of positions.
Just sold 100 shares of PFE for 31.65. Immediately sold a put so I am now committed to buying back the 100 shares for 31.50 until tomorrow. Received $97 cash now for assuming the risk of buying back the shares I didn't intend to sell anyway. In my mind that's a 3% dividend for one day. If PFE goes to the moon by tomorrow I lose. High volatility is the only reason this works.
Just sold 100 shares of PFE for 31.65. Immediately sold a put so I am now committed to buying back the 100 shares for 31.50 until tomorrow. Received $97 cash now for assuming the risk of buying back the shares I didn't intend to sell anyway. In my mind that's a 3% dividend for one day. If PFE goes to the moon by tomorrow I lose. High volatility is the only reason this works.