What Did You Buy Today?

[fenders53]

(12-18-2020, 06:51 PM)vbin Wrote:

(12-18-2020, 05:14 PM)fenders53 Wrote:

(12-18-2020, 04:27 PM)vbin Wrote:

(12-18-2020, 04:02 PM)fenders53 Wrote: Got rid of some annoying excessive cash towards the end of the day.  Sold a put in TGT, DG and FDX.  I have a lot of options that just expired worthless at the close and the cash level was about to get stupid high for this traditionally decent season.

Wouldn't FB put have been a better option? Lol

Time will tell lol.  I am still keeping my options on fairly short expirations so I'll be dealing with this every week until we get a pullback.  Some week I'll get forced into 10 new positions.

FB premiums are higher comparatively. Still a growth story.

These are very short-term income plays.  I usually have about 8-12 of them expiring every Friday so I'm too cashy the following Monday. I definitely mix in some volatile stuff when the price is truly where I want it.  I am still of the opinion we get a smallish but decent correction next quarter.  Want to be able to buy then, but can't sit on my hands and completely miss the bus in case it's 10 months instead of two. Of course it would have been better if I just went all in long 9 months ago, but we're here now lol. I get exercised on covered calls now and then and it makes it progressively worse to manage. I'm just not going to pile in on slow growth stocks trading at 150% of their historical PE. Not my entire port anyway.