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Conservative option strategies, what did you buy or sell today?
#21
The market is not right to sell a put on anything on my watch list today. I am off work so that is disappointing. So I present to you boring option trade of the day.

Sold a MET APR 47.50 covered call for .55. That's only about 7% annualized on the premium. It's unlikely to be exercised.

This is one of my favorite predictable stocks stuck in a trading range. $47.50 is well above the recent trading range. Took me about 6 attempts to buy it via put sale as I sold on the dips. Finally got exercised in DEC for an average cost of $41.25 (not including the $600 total premiums received along the way). I've sold calls since then that just expired worthless. I'm good with selling part of my position for $47.50 if it happens. MET pays a 4% Div so my intent is to keep some shares longterm, and try to not be called out often at dividend date. MET trades much like a Ute and it has been good to me. It's among the easier ones to manage.
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Messages In This Thread
RE: Conservative option strategies, what did you buy or sell today? - by fenders53 - 02-19-2019, 01:58 PM
T puts ? - by john - 03-17-2020, 09:33 AM
RE: T puts ? - by fenders53 - 03-17-2020, 10:32 AM
RE: WEN options update - by john - 03-23-2020, 09:53 AM
RE: WEN options update - by fenders53 - 03-23-2020, 10:40 AM



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