(07-07-2021, 09:23 AM)crimsonghost747 Wrote: I've been messing around with GOLD quite a bit here.GOLD looks good here. I've had a few dozen good option plays and a couple gold plays in trouble now as I chased a few too high. They roll fine and it plays out but ties up some capital.
I think it's in a decent place under $22.
Also, my first ever bull put spread.
BABA 205/200 (september)
I talked about this for well over six months but finally started doing it a month ago. I have a $100K cash basket I wanted the first half to be safe for use under two years, so cash is what it should be but just .20% interest isn't working for me. It was ten times that under two years ago. I took half of it and have been selling conservative puts in stocks like JNJ-PEP-PG when I catch them on a bit of a dip. Trying to not be greedy and staying out of the money. So far so good. A few more months and I'll have less ridiculously low yield locked for the entire $100K. That's a low hurdle for now.
And good luck on the spread. Done correctly they are a good strategy IMO.