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Strategies & Market Trends : Option Strategies

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To: diegosan who wrote (2333)	3/11/2022 7:07:57 PM
From: robert b furman	of 2591

Hi Diego, Pullease make me buy some KMI at $13.55, which by that time will yield at 8.19%. A tad better than the Fed or banks! <smile>. Yesterday I sold 10 CVX puts @ strike price of $210.00 for .19 or $190.00. I love my CVX which I bought when everyone knew that EV's were going to make ICE obsolete and oil was negatively priced. I do not want to sell my CVX till my executor decides what to do with my estate. If he sells it cheap, I'll ghost him. <smile> I took the $190.00 and bought to close 55 puts 10 days early and felt good about my portfolio in the middle of a war in Ukraine. There are always several ways to skin a cat. I maybe should have sold more, but I'd rather error on the light side of extracting premium vs. getting my great value buys called. Just me and I'm very cautious as I work too hard to get assigned stock at a great value, and its resultant dividend yield. In short, it is just the frosting, never the cake. Keep those CVX's protected, but enjoy a bit of cream off the top. At $210.00, I'll start scaling out and pinching myself. Gonna buy a whole lot of KMI on any called stocks/revenue! (that's my plan). Nice trading! Bob

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