Paul,
He will answer for himself but he already owns the T shares. He is adding income to the high dividend. If he gets forced to sell he will get some capital appreciation. To sell cash covered puts requires locking up more capital for a similar premium. Whether T is headed for 35 or 26 next is an assessment we have to make for ourselves. On stocks seemingly stuck in a narrow trading range it is not uncommon that I own shares and have both calls and puts open simultaneously. Those trades would not likely be made the same day or week, but in response to a price swing. Sometimes all options expire worthless. Add a dividend and that is good income. That was a good question though. Selling puts when a rangebound stock is getting oversold is usually good strategy.
He will answer for himself but he already owns the T shares. He is adding income to the high dividend. If he gets forced to sell he will get some capital appreciation. To sell cash covered puts requires locking up more capital for a similar premium. Whether T is headed for 35 or 26 next is an assessment we have to make for ourselves. On stocks seemingly stuck in a narrow trading range it is not uncommon that I own shares and have both calls and puts open simultaneously. Those trades would not likely be made the same day or week, but in response to a price swing. Sometimes all options expire worthless. Add a dividend and that is good income. That was a good question though. Selling puts when a rangebound stock is getting oversold is usually good strategy.