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Strategies & Market Trends : Option Strategies -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (1952)	7/27/2018 6:59:30 PM
From: Thehammer	3 Recommendations Recommended By alanrs chris714 kimberley Respond to of 2591

Hi Bob, Thanks for the nice compliment. Your system works for you and allows you to accumulate shares at a discount. Sometimes the best approach is the simplest. You obviously know what you are doing. Just wanted to point out to others that there are alternatives and how one proceeds should align with one's investment goals. I mainly write puts for additional income and the majority is in a tax protected account. Normally, I have positions in the underlying. I shoot for 8 - 12% annualized return. I do miss out though on huge upswings by not owning more of the underlying,,, Thanks and you have a great weekend as well!

To: robert b furman who wrote (1952)	10/6/2018 12:03:14 PM
From: robert b furman	1 Recommendation Recommended By Thehammer Read Replies (2) \| Respond to of 2591

OK with this slide down last week I'm trying to reaccumulate my position in CY. I had previously sold it when CY popped up to the 18's after they announced their earnings. That day I sold all of my CY and swapped it out for an equal amount in KMI which pays an 80 cent dividend vs CY's 44 cent dividend. So here's a trade I made yesterday: Yesterday I sold 25 $13.00 puts for an average of $1.83. They expire on January 17th 2020. If assigned to me they will have a net purchase price of $11.17. Assuming the dividend stays the same it would yield 3.94%. If they expire to 00.00 - I'll just keep the $4587.04. Since it was held for over 12 months I'll be able to pay capital gains on the transaction. The premium of $4587.04/25 = 1.83/11.17 = 16.383% held over 15 months = 13.11% on annualized basis. In a fit of unusual luck I sold my CY on the day they announced earnings and had a pop up into the 18's. So I'm beginning to accumulate the shares back at a little lower price than I had them before at (11.37). I think CY has a good product portfolio and may well benefit from this China secret chip event. The rearrangement of the supply channels should benefit CY (a american chip maker) in the future. The automotive business is growing and the I of T is particularly good as well. Hope this helps. Best of trades to all. Bob