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Conservative option strategies, what did you buy or sell today?
(01-04-2021, 08:26 PM)fenders53 Wrote: I posted a lot of option trades on the big thread today.  Trade of the day was an ALE covered call at strike 65 JAN 15 for 1.10.  That's a good premium for a financially solid utility stock with a highish div.  There is usually no trading volume unless I make it and it takes hours lol.  I am averaging about two round trips covered calls a month.  A few covered puts as well.  One of these days my puts will get exercised and then I'll own 200-300 shares.  Then maybe I can be the ALE option WHALE.  Smile  The spreads on ALE options are just stupid. Like no bid/$10.00 to get things started.  It might take a day but eventually somebody gets impatient and pays what I regard as way too much.  I better not mind getting assigned because I won't be dumping a contract in a hurry.

I prefer to be the anonymous pilot fish.
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Messages In This Thread
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
RE: Conservative option strategies, what did you buy or sell today? - by NilesMike - 01-04-2021, 10:54 PM



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