Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Conservative option strategies, what did you buy or sell today?
Sold GOLD strike 25.50 EXP 1/29 covered calls for $51. Got exercised into GOLD at $23 just last week and it ran 6%+ today. Sold puts for 5 months before I finally got exercised. I am always very wary of holding anything gold for long. I was never good with the 5% of your port always "rule" because I think it is generally dead money. The option premiums are very good, Barrick has a dividend and it worked this year. No matter how this position plays out I have already collected about 20% premiums at the end of it all. I don't see gold crashing with all the money printing going on and a new administration that will try to spend money we don't have. It will remain a small part of my game.
Reply


Messages In This Thread
T puts ? - by john - 03-17-2020, 09:33 AM
RE: T puts ? - by fenders53 - 03-17-2020, 10:32 AM
RE: WEN options update - by john - 03-23-2020, 09:53 AM
RE: WEN options update - by fenders53 - 03-23-2020, 10:40 AM
RE: Conservative option strategies, what did you buy or sell today? - by fenders53 - 01-04-2021, 11:10 AM



Users browsing this thread: 81 Guest(s)