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

[fenders53]

(02-04-2021, 01:23 PM)crimsonghost747 Wrote: I'll definitely take a look at that trade you just made. Sounds interesting enough and I definitely need new ideas.
I couldn't grab a conservative LHX put despite my best effort, so I ended up.. you know... doing crazy.

This doesn't belong in a "conservative option trades" thread but I did just sell a U put today. And earnings come in after today's close. Awesome premium, good downside protection ($120 strike) and as you guys and gals know I love the company. I'm just not sure if they will do well enough to justify this pretty insane valuation.

I guess we will know tomorrow.

Don't for a minute think that I am properly hedged for this market.  I am not IMO.  You buy puts and the timing isn't right the money is gone forever.  SPY or you're favorite stock you think will surely crash this month, and if the bull continues to run you lose.  Gold has a small part in my game.  It doesn't turn into zero in a month.  If invested in a major miner it rots and pays a small div until the next run which may be years later.

I'll grab some SLV when the fall continues from the fake internet forum induced rally.  It's still much too high to be as safe as gold.  I watch the trading ranges like any other sector.