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Strategies & Market Trends : Option Strategies

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To: sm1th who wrote (2339)3/22/2022 7:26:32 PM
From: robert b furman1 Recommendation

Recommended By
da_spot

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Hi sm1th.

My climax studies suggest the rest of this week and next will be supportive.

Once we get a down wave, I'll sell some more puts out more in time.

If we can get a sideways consolidation for a year or longer , it should payout like a slot machine.

Any net purchase price at or below $16.67 is yielding above 6.0%.

May 17's are bid ask .25/.40, so any dip and it's already there.

July 17's are trading bid/ask .50 / .70. A net purchase price of 17.00 - .60 = 16.40 or $1.00/ $16.40 or a yield of 1.00/ $16.40 = 6.01% yield.

A dip to the 17's is going to yield 7% , I'll be all over that.

We'll keep an eagle eye on that.

Bob
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