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Strategies & Market Trends : Option Strategies
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To: Thehammer who wrote (2146)7/17/2020 11:12:11 AM
From: robert b furman  Read Replies (1) of 2591
 
Please, canya? LOL

You know I struggle with that view as well.

I have spent about 3-4 years accumulating a good sized position in T.

I love the yield and in no way do I think that anyone old or young is going to give up their smartphone - in good or bad times.

That being said,back when T hit 39,I was thinking I'm so smart and should have been thinking "scalp a percent or two on far out of the money for short term expirations and do it for as many months as I can.

I didn't get past just feeling smart and that was short lived.<smile>

I get too attached to my shares, but I'm trying to build a dividend portfolio first.

I originally thought selling calls is something you do at extended advances, much like selling puts at deep dips.

Churning one's account can also result in non qualified dividends which increases the tax rate applicable.

So you guys selling calls ( and announcing the trades) is really helpful for my learning curve.

I'm very slow to add a new stock.

My new stock to trade is IBM. I sold August 95's for 86 cents ( missed the top money by a day and about 20-25 cents). I don't expect to be that precise, but I do watch the range available.

At any rate I do appreciate you and sm1th adding to the trade info here.

Thanks to both of you !

Bob
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