Conservative option strategies, what did you buy or sell today?

[fenders53]

(01-07-2021, 06:48 PM)pdaignau Wrote: I bought 2 T Feb 05 2021 27.0 Puts @ 0.21 to close the two I wrote on Dec. 31st for .57.  I figured AT&T was going to drop a little going Ex-Div.  I know that's not a lot of money, but this was the first time I've ever done anything like this.  Just happy to make a some money and learn a little.

I contemplated writing a T covered call and/or a KO put today, but I didn't have the time to do the research.

Thank you,
Paul

Wait for KO to stop dropping everyday is usually good advice.  That probably happens soon.  No guarantee but pull up a chart.  It has strong support a little south of here.  I sell a put about every dollar drop starting around 50 strikes.  I'm usually a little early but it works out and the div is fine while you wait.  After the downgrades stop having an affect on SP the upgrades will come not too long later.  Yes a couple contracts of T is small money but you closed those out in a week for over 50% possible return.  Getting the process down is good.