11-09-2020, 12:54 PM
(11-09-2020, 12:37 PM)vbin Wrote: Oil stocks are running like tech today. PLTR, this one is going to be a monster in a few years. Still very bulish. Got a MO put assigned Friday. Sold a few covered puts including MO.Oil is over-reacting, but hey, they broke the almost daily downtrend lately. That's a very good thing for you. Almost all of my put sells have been expiring way out of the money, except for JNJ and LLY. They've spiked just enough to allow me to roll them every week or two. That won't be as easy with VIX down and premiums too.
I see practically no equities I want up here so I am nibbling back into NEM and GOLD with puts, but won't jump in too fast. I got lucky and was out of this PM downturn. I've still never been stuck with any shares at all but it will happen someday.