Selling a few puts today. RTX at 66.5 and 67 strike FEB 5. Premiums are good. I'll keep surrounding my long position with puts and calls until it stops working.
Decided TXRH would be my restaurant to hold long. Traded the heck out of restaurants for months off the initial Covid dip. Should have just held but hindsight is 20/20. Sold a FEB strike 75 for $235. I'll take my wife to Texas Roadhouse three times with the options proceeds while I wait to get exercised. If it drops for real I am adding it to my growthy port too. Still looking for another restaurant.
Decided TXRH would be my restaurant to hold long. Traded the heck out of restaurants for months off the initial Covid dip. Should have just held but hindsight is 20/20. Sold a FEB strike 75 for $235. I'll take my wife to Texas Roadhouse three times with the options proceeds while I wait to get exercised. If it drops for real I am adding it to my growthy port too. Still looking for another restaurant.