Wednesday, May 17, 2023

I bought a put, it's up 80%, expires in 4 months...sell it or hold longer?

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An option newcomer asked the question in the above title.  My answer: In my strategy, I sellputsthencalls - I sell to open cash secured puts...
3 comments:
Saturday, April 22, 2023

SPY closed @ $412.20, but its $412 covered call was not assigned against me.

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Yesterday, option expiration Friday, 4/21/23, my 100 shares of SPY closed @ $412.20.  I was pleased because I wanted my 4/21/23 SPY $412 cov...
Wednesday, April 5, 2023

Is it worth it to use margin to sell naked puts?

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Last year, I had a margin account with no outstanding loan.  It held $5K in CORE MMF & $28K in FCNTX (Fidelity's Contrafund).  In Au...
Monday, August 23, 2021

where to "put" cash? - 2nd edition - to help pay bills!

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See my 6/2/20 post, where to "put" cash?   It was an idea that offered an alternative for investors who are unhappy with money mar...
Thursday, August 12, 2021

defense versus a 10% correction

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On another forum, an investor asked for an idea to protect against a 10% decline.  My reply: "I'm not defending myself against a 1...
Wednesday, August 4, 2021

Sell puts, then calls...to eliminate guesswork?

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In my primer, Selling Options...Simply Called and Simply Put , I insist that my strategy eliminates the need for guesswork.  All I need to d...
Friday, December 18, 2020

Repair or get put?

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With XLE - the energy ETF - at $39.29 this option expiration Friday afternoon, 12/18/20, I was short today’s $40 put.  I’ve been using XLE e...