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

[fenders53]

(07-07-2021, 10:07 AM)fenders53 Wrote:

(07-07-2021, 09:23 AM)crimsonghost747 Wrote: I've been messing around with GOLD quite a bit here.
I think it's in a decent place under $22.

Also, my first ever bull put spread.
BABA 205/200 (september)

GOLD looks good here.  I've had a few dozen good option plays and a couple gold plays in trouble now as I chased a few too high.  They roll fine and it plays out but ties up some capital.  

I talked about this for well over six months but finally started doing it a month ago.  I have a $100K cash basket I wanted the first half to be safe for use under two years, so cash is what it should be but just .20% interest isn't working for me.  It was ten times that under two years ago.  I took half of it and have been selling conservative puts in stocks like JNJ-PEP-PG when I catch them on a bit of a dip.  Trying to not be greedy and staying out of the money.  So far so good.  A few more months and I'll have less ridiculously low yield locked for the entire $100K.  That's a low hurdle for now.

And good luck on the spread.  Done correctly they are a good strategy IMO.

It's nice when the market cooperates.  This is going very well so far.  Closed the JNJ and PEP put early and let my hair down on a new WHR put.  It's way out of the money at 207.50 strike so not what I do with my normal put sale strategy.  This is supposed to be cash so trying to control myself lol.  I am sure killing that .25% return on my ultra short-term bond where this cash was hiding out.  That was hard to stomach.