I really could use some advice on this one. And now for my next truly conservative option income play I am going to do what we discussed on this thread over a year ago. It really does need to be conservative. One of my buckets is a cash bucket I built selling put options mostly. My incoming pension checks come in stages. This is $100K I want available for use for calendar 2023-2024. I was good with a 2% safe yield. Now it has dipped to .5% yield in an inflationary environment. The line has been crossed. I just moved half of it to my settlement account where it will yield nothing. I can't do anything fancy in this account, no chance I am playing with bonds and I see no other option than selling puts on very conservative stocks. This would be easy on a decent market dip. That isn't where we are. Premiums are weak on conservative stocks. Guess I will find a place to park the $50K for 30 days at a time until we get a real dip. At that point scores of quality stocks could work. MSFT at $150 not so much. Even a put on an index fund would suffice on a good dip. I need a VIXX spike lol. If half this cash bucket yielded 4% annually I could deal with the other half yielding next to nothing. All of it yielding nothing for years doesn't work.
Thread Rating:
Conservative option strategies, what did you buy or sell today?
|
« Next Oldest | Next Newest »
|
Users browsing this thread: 60 Guest(s)