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

To: Bull RidaH who wrote (333)	1/14/2021 8:59:17 AM
From: robert b furman	Read Replies (2) \| Respond to of 4397

Hi Bull, It's fun to reflect in the long view, both past and future I sold a lot of INTC $20.00 puts back when INTC traveled the $20.00 to $30.00 range. Amat at $11.00, CSCO at $12.00-$15.00. Those are the times when loading up is fun and risk free. INTC was so ruthlessly efficient. Debt Free, Investing in counter cyclical fashion when the buck bought the most. Reinventing new smaller nodes and the specs for the equipment to do it. Now we have euphoria and fast price rises. Much different market survival strategy. I've been scaling out on my undue concentrations of small illiquid semi equipment makers (Cohu and Brks) I now have initial seed money and tax obligations in cash. I've been assigned some XOM and CVX this month. XOM 60's came early and now am right at net purchase price plus annual dividend range ($51.45). I sold those puts 20 months out before expiration. All of the XOM and CVX puts I sold in March 2020 are going to go to cash as they expire to 00.00. What a long strange trip it has been, from being buried to breakeven and it happened in 60 days, after being buried for 9 months. From a cash flow view, it's free stocks that pay a solid dividend. Wondering how high this distribution top will progress. That's what I like about your andrews pitch fork analysis. I would have liked to answer your previous riddle, but do not have the key to open up the secret. Still believe the slow and gradual raising of more cash will bode more than well when the bottom falls out, and YES TOTO it will fall out some day. Hoping to take a small bite out of the B wave up and then a bigger bite on the long and boring C wave decline that will take years to show us where those boring accumulation consolidations drag on. That's when you get aggressive on selling lowball puts. Bob