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

[fenders53]

(05-03-2020, 05:13 PM)NilesMike Wrote: I am doing something similar. I got rid of my speculative account, long story, and am going to just grind out wheel trades on quality dividend payers. Sell puts until I get the stock, then covered calls until it's called away. Rinse and repeat. Right now I'm on a CC with T. Sold the October 32 strike. If it's called away, max profit is 11.9% for 168 days. If not called it's 8% return, with capital risk. Should be able to grind out 12-15% a year on these.

My DGI portfolio is down about 11% from ATH, livable.

My true DGI port is down 11-12% and tbat is fine with the SPY down a similar amount.  It required dozens of trades off the dip to make it that good.  My speculative bucket was not that large but it was absolutely devastated.  I couldn't have chosen worse sectors on purpose after the virus hit.    I had no choice but bail and wait for re-entry if they don't go BK.    

I am going to hope the market has a rough week or two so I can sell puts with more confidence.  The list of stocks I feel completely safe with is very short unless we get a little pull back.  Stocks like T and MO become easy choices when the market gets roughed up.  That probably happens soon enough.  If it doesn't I'll proceed with ultra boring picks fpr now.