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

To: sm1th who wrote (2315)	1/19/2022 2:57:56 PM
From: robert b furman	Read Replies (1) \| Respond to of 2591

Hi sm1th, I had a bid for 6 cents all day on Thursday. I just didn't trade .It was bid ask 5 to 7 cents. I paid the 7 cents and thought with an earnings miss, I might snag a resell. Probably should have just let it expire, Theta is too strong and frankly the stock has had buying pressure going into earnings. I've been going out in time with KMI for over a year. Any buy below $15.00 is 7.4%. That's been my target for over a year and a half. Worst part is I missed it by a penny just back on December 20th! This stock has been a monthly gravy train for over a year, and it pays a great dividend. It is my largest holding in share number. To get this yield I've been buying XOM and CVX for over two years. Those are $58.00 and $95.00 average positions for me. It is so much easier to do several thousand shares with options when you are collateralizing a 13 to 15 dollar stock vs a 100 dollar stock. I'd guess some body has known this for a long time and plays in the hundreds of puts. Hopefully they see this gravy train fading into a bigger dividend and/or this afternoons earnings announcement. If it's a miss, it's a gift! What amazes me is so many people incorrectly put limited master partnerships up against KMI a C corp with vastly lower taxation rates. Secondly with the green movement that often results in easements that do not always get done, just enhances the value of those that already exist. The market does not seem to value that. It seems obvious to me. Bob Bob