04-20-2020, 07:48 AM
(04-19-2020, 11:38 PM)vbin Wrote: I sold some $40 calls(covered) on eBay stocks for $46 expiring may 1st. Happy to get them assigned at $40. They have earnings on 29th and I think they will do well given e-commerce been real busy past 1 month.
I also sold puts on xle for $29, 28, 27. The premium was rediculous. Happy to get XLE in that range as well. Won't be selling it till oil goes back to $40+ even if that takes 5 years.
I am getting close to getting back long on some oil. Oil could drop even lower, but something has to give before long. As the saying goes low oil prices will cure low oil prices. It always works out like that. We may not see 50 for years, but sub 20 can't last.