02-09-2021, 05:18 AM
(02-09-2021, 01:00 AM)vbin Wrote: What bmy u looking at? $58 02/26 going for $52Not a bad choice. I push my luck on BMY with near the money because I'd like more shares. I have sold 58-60 every couple weeks for 6 months. Usually on a down market morning when the VIX spikes a bit. i.e. aggressive last week and patient this week.
Same deal with RTX. When it's much under 70 it's high on my radar. Completely fine with more shares.
I diversify my put sales like any other purchase because that might be how it ends. I wouldn't buy 2000 shares of restaurants or banks on the same day.