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Strategies & Market Trends : Option Strategies
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To: robert b furman who wrote (2039)4/20/2019 11:14:16 AM
From: Thehammer  Read Replies (1) of 2591
 
Hi Bob,

Some of the names that I own in my taxable account, I have owned for decades. My IRA though is more recent as I rolled all of my 401K funds into my IRA in 2011. I restarted a cash covered put program but for the most part, I invested most of the funds. I layered into positions over 3-4 months and the overall market was still relatively cheap.

I own way more positions that the experts recommend and most of the funds are in DGI securities. I do speculate with a small percentage of funds and like many investors I deploy a strategy that works for me. I am also invested in just about every sector and believe that provides a degree of solace in a broad market sell off. Diversification is good.

I was fortunate to have worked in a brokerage my entire career. One of my friends from the late 80's was a proponent of DGI since we first met. She had something like 10 metrics she followed closely and being a dividend grower was just the entry fee for consideration. She monitored her select list like a hawk. Probably the best lesson that I learned from her was sometimes you just have to pay a premium for a great stock. They seldom trade in line with the rest of the market. The trick is to get them at the low end of their range and market selloffs sometimes provide that opportunity.

One strategy that I use is to buy a starter position and sell puts at an opportunistic time. In 2009 I was assigned quite a few securities but most of them are multiples higher now. I did get a sinking feeling in the pit of my stomach but held tight.

The USA subsidizes the rest of the world's health care. I agree that must be addressed but a consequence may be worse health care and much, much less investment in cutting edge treatments. Some good companies like WBA and CVS have been hammered due to the Amazon threat. You also have some companies (re: EPI pen) that raised prices exorbitantly. On the other hand, you have companies like GILD that came up with a very expensive cure but for a life threatening disease (Hepatitis). I favor market based solutions,,,,

I sell calls sporadically. If you do a good job picking stocks, puts are a lot more fun. I rarely write calls on my entire position and use it to trim. I still will roll up and out if I can do so with a credit.

Have a wonderful weekend!
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