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Strategies & Market Trends : Option Strategies
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To: robert b furman who wrote (2017)12/17/2018 12:06:42 PM
From: Thehammer  Read Replies (1) of 2591
 
Hi Robert,

Thanks for sharing your ideas. With volatility so high and the downward market action, PUT premiums are great. Both CVX and XOM are long term holding for me. I had sold calls on CVX at year ago in both a taxable and IRA account. Don't sell as many calls as puts, but I am short the Jan 125 so those are looking good right now/. I may buy them back or let them expire.

Your message made me look at the last December PUT position that I have open and it is BA (Boeing) expiring this Friday. Still ~$3.00 in TV left. I will probably roll it Thursday or Friday. I could roll to same strike in April and net about $1600 or roll down to $300 strike and still get a credit -almost unheard in a quality stock.

I just checked a few others such as MMM, the annual yield is much greater near term than going a year out. I am guessing that this is an opportunity or the world is ending. I'd am opting to stay shorter duration but there are good arguments either way.
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