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

[fenders53]

(05-27-2020, 09:41 AM)NilesMike Wrote:

(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.

Closed the T-CC trade for 5% in 3 weeks.
Will wait for a nice down day to reposition.

Down about 1-2% from ATH account balances at the moment.

That's great news with the SPY still down about 10%.  It's going to be a process for me to just match the market unless we finally get a real dip so I can deploy more cash.  I haven't shared many conservative option play details because it's boring to read, but I've done mostly what I said I would for months now.  I'm just grinding it out with a lot of puts sold on solid DGI stocks.  Very few have been exercised in this market though.  I am going very light on the covered call sales as that has failed me too often.  I still only have one account that is at a new ATH and it's nowhere near as large as my retirement account.