I have the day off so I can trade. A few on my buy list are looking OK.
I have always wanted to add UNH and now looks like "the time" with the "Medicare for all bill (noise IMO), a law that will never pass when we do the math as a nation.
Options are volatile so went a little conservative to start. Sold a MAR 8 $235 put at $117 after fee. That's only 4 days so the annualized option income is pretty meaningless. I am OK with this entry point. I'll reach out a little farther if UNH takes a breather from it's drop which is 100% political noise. That's a $23,500 stock purchase. I don't rule out dumping a few shares at a small profit if it exercises. I'll just be patient if that would be a loss. I don't rule out the possibility UNH dips another 10% from here, though I view it as very unlikely. IMO this is a $300 stock with less political noise. Still, I am not in denial. A $23.5K trade is pretty ballsy in my port.
I have always wanted to add UNH and now looks like "the time" with the "Medicare for all bill (noise IMO), a law that will never pass when we do the math as a nation.
Options are volatile so went a little conservative to start. Sold a MAR 8 $235 put at $117 after fee. That's only 4 days so the annualized option income is pretty meaningless. I am OK with this entry point. I'll reach out a little farther if UNH takes a breather from it's drop which is 100% political noise. That's a $23,500 stock purchase. I don't rule out dumping a few shares at a small profit if it exercises. I'll just be patient if that would be a loss. I don't rule out the possibility UNH dips another 10% from here, though I view it as very unlikely. IMO this is a $300 stock with less political noise. Still, I am not in denial. A $23.5K trade is pretty ballsy in my port.