11-09-2020, 11:10 AM
(11-09-2020, 11:04 AM)fenders53 Wrote: Crazy day. Sold a lot of covered calls on boring stocks that have been running. I've been trimming and would love to go shopping but I'm not seeing any black Friday sales.
Stockguru, probably a good move on the PFE IMO. It's one of my larger positions and I have covered calls expiring most weeks for awhile now. My original thought was they will have too much competition in the end. 90% efficacy with 43,000 trial patients far exceeds what I thought they might achieve. It should pay the 2021 utility bill anyway.
Everything was a sell today but the tech stocks that were sold off way too much. I don't even think it was a rotation going on. Just shorts covering, and now shorting again. I trimmed a lot of the defense stocks and other sectors than ran up today. I understand the market looks ahead, but you need binoculars now how far they need to see
Those moves wont hold. You can bet on that lol
PFE vaccine wont even put a dent into earnings lol