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Conservative option strategies, what did you buy or sell today?
#3
I'll start with a few of mine that have not been well discussed already on the other threads. In the future I'll provide the stocks price when trade was made. For now at least the open date and it can be looked up easy enough. I can look backwards on these to some degree.

CVS- On JAN 29 I sold a FEB 22 Strike 64 put for $1.42 after commission. CVS traded around 65.50 at the time. About 69 today and this one likely expires worthless on Friday. If I needed the cash for a better trade or stock purchase I'd close this one out now. 2.2% return for 21 day hold. I'd like to hold some CVS shares so barring a pullback this one got away for now. But I won't go broke taking income like this. Low risk option IMO.

XEL- On JAN 18 sold a MAR 15 Strike 50 put for $1.10. Utilities have been strong for 6 months and I sell puts on every dip. The first 27 positions all expired worthless. 1 to 2% monthly income and no new shares yet. Very low risk option.

T-On Jan 30 sold Mar 15 Strike 29 puts at .72. Probably fairly near the money based on the premium of 1.65% monthly income. Moderate risk option IMO. I'm not convinced T has found a bottom yet.

I am currently underwater on some MAR and APR MO puts with strikes of $50 and $52.50. They are complicated to describe because I rolled previous unprofitable puts forward into these new positions. I haven't collected enough income to be pleased with an exercise at 52.50. Whether option sales, or just going long, MO has been a rough ride because I came to the party late. Thankfully nowhere near the top though.
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Messages In This Thread
RE: Conservative option strategies, what did you buy or sell today? - by fenders53 - 02-19-2019, 09:04 AM
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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