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

[ken-do-nim]

(01-29-2021, 07:23 PM)fenders53 Wrote:

(01-28-2021, 04:23 PM)NilesMike Wrote:

(01-28-2021, 01:09 PM)fenders53 Wrote: For better or worse I bought to close 75% of the puts I sold yesterday for a 60%+ profit.  They'll likely expire worthless but my don't be greedy instinct kicked in.

Nice and I think wise.

And my over used line once again...... it is better to be lucky than good 

Honestly though my spidey senses for a nervous market are getting better.  I've been a little stingy deploying my allocated income producing cash the past couple weeks.  I didn't get greedy this time and I had more cash today to redeploy.  I resold an HD put for the same next Friday expiration.  Another $305 in premiums and the strike is dropped for 270 to 267.50.  An unplanned roll if you will.  That's still a win if it drops further and I get exercised.  I feel very comfortable with HD's next few earnings reports.  I dread the comps in a few quarters though.  That's why God made covered calls I guess. 

I still need to find some tech to drop put sales on.  I wore MSFT out.  Maybe it will pull back a touch.  QQQ premiums are usually uninspiring for the potential risk, but I haven't looked since VIX spike.

My tech trio are the Direxion triple leveraged funds SOXL (semi-conductor), TECL (tech like Apple & Microsoft), and LABU (biotech).  Prices are high now, but the first two are splitting soon.