09-28-2020, 11:10 AM
(09-26-2020, 10:21 AM)fenders53 Wrote: I rolled a few puts I was slightly upside down in RTX and T. Also RDS-b but I am underwater a solid 15% on those. I have been fighting the temptation to dabble in more oil as it's under 1% of my port. My big moves this week were the same as last, trying the pick the near-term bottom in QQQ and MSFT and selling puts that are 4-8 days from expire. So far so good and I breathe a sigh of relief every Friday when I have cash again. All the covered calls I sold the past few months are expiring worthless. I'll have to resist selling any new ones on stocks I now think are fair to underpriced.GOOG is a wonderful stock. This is going to be a 5 trillion company. Lot of dependancy on it even from other tech giants. Almost non-replaceble.
Told myself I was going to buy some new big tech shares with all this weekly income. I am about ready to pull the trigger and at least start some positions in GOOGL and MSFT. Pulling back to AUG prices doesn't encourage me to get too aggressive yet. I am working under the assumption there will be a largish stimulus passed within weeks. After the election is too late. They will be busy litigating the election in some states by then. I don't think I will regret restoring some of my cash before election night. That is the plan for now.