Conservative option strategies, what did you buy or sell today?

[fenders53]

(01-12-2021, 02:32 PM)Binary Wrote:

(01-12-2021, 02:17 PM)fenders53 Wrote:

(01-12-2021, 01:52 PM)Binary Wrote:

(01-12-2021, 01:19 PM)fenders53 Wrote: Sold an O FEB put strike 55, and a STOR FEB 30 put which is about ATM. Trying to mix it up because I never know where the bottom is.  I'd sell another put in both if they continue to drop.  A couple REITs I'd like to own again for diversification.

Did sell a FEB O put too, but at 52.5 strike.

I wont be amazed if we end up near that strike if the rona hangs on and torments rent collection, which it hasn't for O yet.  I'll roll my put there or sell a new one if the opportunity arises.

I would probably be happy to buy those 100 shares   I'm a bit underweight in O so that position wouldn't hurt at that price.

I was never interested in O until I found this forum.  I got some during the panic March low when it dropped to around 42.  It ran 20% in a few weeks and I sold it, thinking it was getting ahead of itself during the pandemic.  I've been waiting every since and other than a few way out of the money puts I've had to be very patient.  It's not 2010 anymore and I think we are prudent to take some income and insist on at least a modest discount.  IMO entering O at $60+ might be a sluggish investment for years while they just get back to 2019 financials.