02-19-2019, 09:28 AM
(This post was last modified: 02-19-2019, 09:30 AM by crimsonghost747.)
(02-19-2019, 09:04 AM)fenders53 Wrote: 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.
Again I'm not too sure what your strategy is with T, are you planning on keeping it or not? If you can get in at $29 then I'd say it looks good for both long and short term.
As a pure trading strategy I've been selling covered calls with T, starting from between $29.50 and $30.00 and then selling either the first or second out of money call. Premium has been around 1% per week plus whatever you manage to make on the price appreciation.