05-02-2022, 11:51 PM
(05-02-2022, 04:58 PM)fenders53 Wrote:I think you are right as all my calls are in the red. That's ok as I want to get rid of the shares while making some money. I did trade XLE before. For puts, I generally rotate between tech (TSM, AMD, HPQ) and oil (XLE, EOG, DVN & OXY). I throw in some covered call on my long-term holdings (MRK, BBY, XOM, ABBV, TROW, etc) to juice up the yields.(05-02-2022, 10:52 AM)Dividendwayfarer Wrote: I was assigned with a few tickers last week so sold AMD, OXY and DVN call today at cost. Nice premium and I hope I can get rid of all shares by the end of the week.
OXY and DVN will probably have a decent week. AMD is a wildcard. I have a put open on that one too. I rolled it last week and now I get to deal with earnings. I am OK will holding it but PC chips suddenly got iffy.
Most of my put sells are fairly boring but my excitement for the week will be ABNB. They report in the morning. The ticker has been kind to me but this time, well we shall see.
And if you want to play with oil XLE is less risky. Premiums are less too of course.