What Did You Buy Today?

[fenders53]

(05-07-2020, 11:33 AM)stockguru Wrote: Bought my 1st option today. Went slow

Bought the $60 May 22 RTX calls for $125 total.

I can see it trading above $62 by May

Anyone its my first one so wish me luck lol

Good luck Guru.  Don't listen to the dirty little RTX shorts.     J/K, they aren't short when they sell a put.  They are just OK with technically "losing" the trade because they were paid upfront and desire the shares since thye picked the potential assignment price.    

I can't say it's a trade I would have made right now but you never know what can happen in a week in this market.  RTX just has a lot of headwinds at the moment.  I think reality is finally setting in that anybody that does commercials airline Biz, and especially Boeing is going to get a bite taken out of their earnings for quarters at least.  The defense stocks haven't been too hopping for a few weeks either.  If you ever decide to buy 100 shares of something at once, try selling a covered put until you get assigned.  It's a pretty slow week when I only sell 3-5 covered puts.  Sometimes I get paid five or more times before I am ever assigned shares.  My record must be up around ten times in a row for one stock.  It far exceeds my dividend income over the course of a year.