VBIN
BMY Strike 55s look decent about 3 weeks out. If it all goes to hell that's an easy roll to 52.50s further out. IMO the real risk is gone at that point with an entry basis not much over 50 after premiums. You are patient and that will work out. Witing until next week might be an even better idea. I was about 18 and 2 on BMY option sells the past year but I have a few deep in the money now so I can only nibble a few shares now and then if this continues.
Ken
It appears your call on T is about to come true. Sub 26.50 is coming soon if there isn't big news.
BMY Strike 55s look decent about 3 weeks out. If it all goes to hell that's an easy roll to 52.50s further out. IMO the real risk is gone at that point with an entry basis not much over 50 after premiums. You are patient and that will work out. Witing until next week might be an even better idea. I was about 18 and 2 on BMY option sells the past year but I have a few deep in the money now so I can only nibble a few shares now and then if this continues.
Ken
It appears your call on T is about to come true. Sub 26.50 is coming soon if there isn't big news.