What Did You Buy Today?

[fenders53]

(10-05-2020, 09:39 AM)saimash Wrote:

(10-05-2020, 08:55 AM)fenders53 Wrote:

(10-05-2020, 06:38 AM)NilesMike Wrote:

(10-02-2020, 06:37 AM)fenders53 Wrote:

(10-02-2020, 06:27 AM)NilesMike Wrote: Might be able to buy the TLT puts back today for a nice gain!

Most likely.  I am getting better at playing this market chop. I think the market is going to have trouble running in the same direction much more than a few days, for the next few months anyway.  I am trying to grab a few TLT puts everytime equities run for a few days, then usually get a chance to close them within a week.  Gold and silver has worked too, but not as well as it pulls back with equities initially, at least lately it has.

I have been doing puts and calls on T and KO in a separate account just for this strategy. I ALWAYS have a put on and a call on each

One goes up, the put gets bought back. One goes down a put goes on and a call comes off.
Have done 10 of each on each since Sept 1.

I have done something similar with a portion of my port with about five stocks since we discussed it on the conservative options thread.  Works very well as long as I can find solid Div stocks they are in the lower end of their trading range.  Nice income in a market that is choppy and range bound.

fenders53, you need to teach people like us how to play options :-)
The only options I've ever done are Covered Calls on my MDT stock (and that too using a 3 month expiration date)

It's all there in the conservative options thread by myself, Mike, and a few others who would be happy to start over.  The problem is it has to be 100 shares and that is a problem for some here.  This is a DGI forum first and foremost.  We do that too with our core holdings.  We are mostly just skimming 50 and 100 dollar bills on Aristocrats that happen to be down.  The risk reward is good and appropriate for part of our money and our age.  Buying options is mostly gamblers looking for a big score. We are just "being the house" and grabbing weekly/monthly income. Going all in on a high flyer long may well be a better long-term strategy provided the market doesn't put them in a five year nap due to valuation.  I just can't do that with much of my money so close to full retirement.

Anyway, post up on that thread if you want some advice.