04-09-2021, 01:18 PM
(04-09-2021, 11:11 AM)vbin Wrote: Sold CC in psxp. It's up 9% today. Sold CC in PLTR. Look like enph put will expire worthless. Looking to sell another if it comes down today.
Defense stocks on fire.
ENPH is a lot of fun. It's about as volatile an option I will play, but I do believe in the underlying. It's probably the best one to own with a big footprint in home solar. In the end I think the real money in solar will be at the utility scale though. I think today will be the fifth time I have scored selling ENPH puts. I have a $145 next Friday as well. I would like to sell a new one but the dips are plentiful so maybe next week? I wouldn't mind being assigned some ENPH shares but $125 is my target. Maybe this summer? I only own about a dozen long shares and don't want to add way higher. The valuation may be fine for a few $K invested but it could take them a year to get the PE down to something sane with earning growth. At least they have actual earnings growth and that is why I am here.
I had to walk a NIO put down today. Had a strike $38 and moved it forward and down a week. Now watch it close at 38.02
Another spec I'd be fine owning a little cheaper.