(01-23-2021, 10:53 AM)MikeWa Wrote:Very well the past few years with about a dozen income stocks. I have my PFE buy and sell range for puts and calls. It sounds like it matches well to yours. I rolled a 37 put forward. Left the 36.50 to be assigned yesterday but it didn't happen as it closed at 36.55. I put myself at risk of assignment near ex-div if the share price is where I like it. I sold calls on all my PFE shares when it was near $40 but they all expired worthless over the past month. Too low to sell any new calls now IMO.(01-15-2021, 03:07 PM)fenders53 Wrote: -Sold a PFE strike 37 put expires next Friday for $63. I have a few more sold in the 36.50-37 range. This is an ex-div play for the week after.
How this worked for you? I had sold put like yours and got assigned yesterday. Not sure how this works, but considering PFE price as of yesterday, whoever sold me 100 shares of PFE lost approximately $60 on this transaction. And this doesn't even take next week div into consideration.
Not forcing trades is important. It's why I track at least a dozen income stocks because only a few may make sense for new shares any given week. I gradually buy shares of growth stocks with my income rather than DRIP lately. I tell myself over time I recover some capital appreciation these income stocks won't likely deliver.