What Did You Buy Today?

[fenders53]

(10-05-2020, 06:38 AM)NilesMike Wrote:

(10-02-2020, 06:37 AM)fenders53 Wrote:

(10-02-2020, 06:27 AM)NilesMike Wrote:

(10-02-2020, 05:10 AM)fenders53 Wrote:

(10-01-2020, 01:53 PM)vbin Wrote: XLE $29, Lol.

Bought a few puts back for cheap yesterday.  Sitting on some cash.  Good deals are hard to find again.  Sold a TLT put as I'm not hedged much.

Might be able to buy the TLT puts back today for a nice gain!

Most likely.  I am getting better at playing this market chop. I think the market is going to have trouble running in the same direction much more than a few days, for the next few months anyway.  I am trying to grab a few TLT puts everytime equities run for a few days, then usually get a chance to close them within a week.  Gold and silver has worked too, but not as well as it pulls back with equities initially, at least lately it has.

I have been doing puts and calls on T and KO in a separate account just for this strategy. I ALWAYS have a put on and a call on each

One goes up, the put gets bought back. One goes down a put goes on and a call comes off.
Have done 10 of each on each since Sept 1.

I have done something similar with a portion of my port with about five stocks since we discussed it on the conservative options thread.  Works very well as long as I can find solid Div stocks they are in the lower end of their trading range.  Nice income in a market that is choppy and range bound.