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Strategies & Market Trends : Option Strategies
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From: sm1th11/20/2023 1:56:53 PM
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SMG was a wild ride the last 2 months. Late Sept with price near $55 I sold Oct 50 puts. 50 was near 52 week low. It rapidly dropped to around 46 and was assigned. I sold Nov. $50 covered calls and the stock went up to around 58 and was called. For 2 months, I made $2.40 in option premiums. Not sure if I will try it again.
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