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

[fenders53]

(08-16-2021, 05:07 PM)vbin Wrote:

(08-16-2021, 04:54 PM)mid range Wrote:

(08-16-2021, 07:04 AM)fenders53 Wrote:

(08-16-2021, 06:47 AM)NilesMike Wrote: Looks like a good day to sell puts in XLE. Looking at Sept 17 48 strike for 1.10 ish

Or is Wednesday going to be a whole lot better? 

Commodities are tough.  48 XLE does seem pretty safe to me.

I tried to sell XLE 46 puts today. I don't believe world events favor oil in the near term

Oil still have space to run in my opinion. Too soon. We haven't reopened completely yet. It will take another atleast 2 years for full re-opening.

I find no comfort in two year out oil dreams.  That's enough time for a recession, FED tightening, Iran's oil hits the market, election and frackers gone wild, pick one.  It's why I stopped reading S.A. oil articles.  They are wrong over half the time.  Oil always finds a way to crush my soul if I try to hold it.    

I do think we should be near the lower end of the range but I sleep with one eye open.