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05-02-2022, 10:52 AM
(This post was last modified: 05-02-2022, 10:52 AM by Dividendwayfarer.)
I was assigned with a few tickers last week so sold AMD, OXY and DVN call today at cost. Nice premium and I hope I can get rid of all shares by the end of the week.
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It's good to have a basket of stocks you know. It's too late to do research after an option is in trouble. I have stocks in about six sector so I am less inclined to force a trade.
I had an incredible MAR-APR but I am turning it down this month with more conservative strikes. This market is skittish.
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Anyone doing a 1-1-2 trade (buy, sell, sellX2) on futures. It may not sound conservative at first but I'm giving it a road test.
Using Micro ES futures.
Buy a put spread 3650/3620 for a debit of $3.50 ish
Sell 2 puts @ 2550 for $7.20 ish credit. $500 margin used.
Upshot is 3.60ish net credit if market stays above 3650, June expiration. If it goes to 3620, you keep your credit and the gain from 3650 long put.
Loses money below 2533 which 35+% below today's price. Currently 99% probability it expires OTM
Not retiring for 7 years, just keep buying into mutual funds, mostly S&P and a few other larger cap funds as usual. Will focus more in 3-4 years but hopeful the market will decline a bit more so I have more time to buy.
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Order in for /MES JUL 22 (58 DTE)
+3590P
- 3560P
-2 2850P
19.00 Credit
Breakeven @2825 (Covid area) Full profit between 3590-3560@ expiration
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STO
MO 17JUN 52.50 put for .89
If it gets put to me, dividend of .90 June 14
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Started a position in wbd