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Strategies & Market Trends : Option Strategies

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To: sm1th who wrote (2426)	12/19/2022 6:17:43 PM
From: robert b furman	of 2591

Hi sm1th, Like a numbnut I sold $42.50 puts and got them assigned. I rationalized I could add the dividend 3.5% (which I did), but am under water by $8.00 on a good day.I doubled down again at 29.26,better but not a real deal. My normal rationalization line is the acquisition price less one or two year's dividends. The premium on calls is very thin. The premium is on the put side and that is probably where I'll play the game. Put premium inflated sure helps get your money back. I do like the stock and the CEO. I'm just trying to work my screw up a little harder than I did initially. They say confession is good for the soul. Learning a lesson is probably better. <smile> Thanks! Enjoy a Blessed Christmas. Bob

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