(06-30-2020, 02:12 PM)divmenow Wrote: I have been adding to my UTES today. Added ED and more DUK.I aim for the same entry with T. When it gets under 30 I sell puts from 27- 29 strike. I have one expiring most every week and open a new one. The option premium far exceeds the dividend so I try to forget it if T launches without me. I try to keep a few hundred shares long all the time unless it runs really high because I want some of that high div. When it gets around 35 I am selling calls and trimming. It usually works out well enough.
Like Fenders I have been loading up on the defensive stocks. Florida and Texas scare me right now with a second wave of Covid already here. I feel another shut down coming. They continue to bid up Tech stocks are most are trading at historic valuations. My bet is that investor will go back to dividend in the next few weeks to months.
T good buy, but I don't add unless its under $29 lol
I cant blame you for selling AAPL Guru. That was a nice gain for you!
I don't even think this is the second wave of Covid yet. It just took some time for it to migrate around the country. When the bars opened here I just knew what was coming because I expected that foolishness was nationwide. Throw in some protest crowds and vacations and here we are. I feel better being defensive. If it all goes to hell you can sell out for a 15% loss and buy some blue chip growth that was crushed double that or more. I hate taking a loss but sometimes it makes sense. The other choice yields .5% if you're lucky. That doesn't work for me.