03-19-2020, 10:18 AM
(03-19-2020, 09:44 AM)fenders53 Wrote: For now I have to stay out of my "real crash" cash I have set aside for Armageddon. I can't really buy many more shares. I know this is a DGI forum so if my conservative option income game posts bug you please speak up and I'll stop. I'm concerned I am going to lose some of my dividends so I am playing some cash generating tricks with a part of positions.
Just sold 100 shares of PFE for 31.65. Immediately sold a put so I am now committed to buying back the 100 shares for 31.50 until tomorrow. Received $97 cash now for assuming the risk of buying back the shares I didn't intend to sell anyway. In my mind that's a 3% dividend for one day. If PFE goes to the moon by tomorrow I lose. High volatility is the only reason this works.
Your basically day trading.... But in these times. Every $10 counts lol. I know nothing about options. I just strickly buy, hold, or sell.
PFE anything in the $30-31 range is a buy and hold. I'm, not worried about making pennies when i can make 100's in a few years
Times like this you can only sit tight and not look. Add to the good ones and sell the bad ones and add to better buys. lol. I sold all my oil because I didn't have the patience to wait 10 years to get my money back or sit through dividend cuts. lol
I can party today. At least my WEN, MCD and CBRL all all up. For now that is lol. But still down 50% haha
Bought some NOC at $291 this morning. Just 7 shares to start