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Strategies & Market Trends : Value Investing

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To: NikhilJog who wrote (49095)8/13/2012 3:29:57 PM
From: Bocor  Read Replies (1) of 78535
 
sold the NBR August $13 puts. I pick stocks that I would be happy to own if they get there. Sadly, I sold the BHI $38's for July, and sure wish I had been put that one:)

I have CLF Sept. 35's. I'll take that yield and wait it out if it sells down that far. FCX Sept. 31's. etc.

I sell the puts when the premiums are good, and since the majority of my portfolio is in long term divvy stocks that are reinvesting, this is my living money so to speak. Usually have about 10 option positions open per month. Impossible to buy all the stocks, but the option leverage creates a decent income.
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