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Strategies & Market Trends : Option Strategies

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From: Thehammer	1/21/2021 5:20:08 PM
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I have been reducing my cash covered put portfolio. I have several in the money and have rolled them. Overall, I have pulled back quite a bit of exposure. OTOH, I have steadily increased my covered call positions. I have been selling some on a portion of the securities that I feel are extended. The premiums are juicy enough that I have been able to roll up and out and still get a decent credit for the positions that have run over strike. Probably the first time in 10 years that my open call positions exceed puts. Avoided selling calls on any positions that appear undervalued mainly energy and health care. I own a lot of NEE and sold a few calls at 90 strike, for example.

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