What Did You Buy Today?

[fenders53]

(03-19-2020, 10:18 AM)stockguru Wrote:

(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

I know you are right.  I own 500 shares of PFE so if I can turn a $100 on 100 shares in a day when the stock id down anyway I am going to do it lol.  I do this before work when I can.  If I can turn a quick $500 while I am drinking coffee before work I do it. I'm just selling one day insurance to people that are a lot more worried than I am.  This doesn't work nearly this well on conservative stocks unless the volatility is stupid high like now.  My option premiums crush my dividend income without taking any real risk.