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

To: diegosan who wrote (2306)	1/13/2022 3:09:19 PM
From: robert b furman	1 Recommendation Recommended By Thehammer Respond to of 2591

Hi diego, Well that is what SI is al about. I just wish I had bought the stock as it was below $70.00 when I first sold puts. It would have been a good starting position. could woulda shoulda <smile> To be truly disclosed, I read from E_K_S that PSX had a joint venture with CVX that produced chemicals and plastics. My largest position is in XOM and they are more scientists than any other E&P. IMO So if I can buy below $70.00, I like PSX, thus the 60's and 62.50's. I was a bit too conservative. Hopefully, I'll get some expired puts under my belt and then I'll sell some 65 puts, if we get a dip in crude over the year. I try to get 5.50% to 6% and better by selling puts and having them assigned. so a target of 61 ish will get me there, thus the 60's and 62.50's. Breathe in breathe out - I hope. Thanks for sharing your trade info on this thread. Bob