What Did You Buy Today?

[Otter]

(03-26-2021, 11:35 AM)fenders53 Wrote:

(03-26-2021, 10:17 AM)Otter Wrote:

(03-26-2021, 09:58 AM)divmenow Wrote:

(03-26-2021, 09:52 AM)I Yo Otter Wrote: Also, kudos to whomever bought the 4/1 $56 strike CAH covered calls I sold a few weeks back. Naturally the stock that has been flat/sideways for the past year decides to go straight up right after I sell some calls.

Need to figure out what to replace CAH with . . .

The stocks that have been consolidating and have done nothing are the ones going up now. Even T is moving now   Maybe the drug stocks are next to run.

The premiums on T were so low, it wasn't even worth selling covered calls. Adding to my T position substantially under $30 worked out quite well (for now). Looking forward to that next dividend.   

I just know if I sell calls on my BMY, MRK, PFE, etc., that they will run 10% in the next week. So, have just been sitting on them. CAH has never been one of my favorite DGI stocks (low margins and small annual dividend increases for much of the past decade), so I'm not too bummed by finding something else to replace it with.

I hate it when that happens.  I try hard to just sell them one at a time to see if I trigger a rally lol.  I have been selling calls on PFE and MRK but I am being careful and keep some shares uncovered.  Maybe I would consider BMY soon but not quite yet.

I've found that the easiest covered calls to sell are on a newly acquired position, where I don't have any sort of attachment to the holding (I shouldn't have any, but such is life). Instant gain with the premium, no major regrets if it gets called away in a few weeks, and if it stays flat or drops, I think about that premium again and feel positive.