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Posted

Trimmed TLT

 

Wrote puts on TPR

 

Added to BP, BTI, CMCSA, CXW, DD, GD, IRM, KMI, MCY, MO, ORI, OXY, RDSb, WBA, WFC, XOM

 

Thanks

Lance

Posted

Viacom, Brkb (options), Assured Guaranty (options), and some additional ammo (9mm and .556) for downside protection. 

 

Good move.  In a worst case scenario ammo will be worth more than gold.

 

Posted

Bought BRK.B, AXP, BAC, WASH

 

Sell to Open BRKB Feb 28 2020 205.0 Put @ 1.26 when the stock

was 205.42.  Of course the price promptly dropped below 204 after

the order was filed.

Posted

Whisky and perhaps something to smoke(old habits...). What a fucking week. Felt like I grabbed a lot of good stuff. Just have to get all the shards of glass out of my hands.

Posted

Whisky and perhaps something to smoke(old habits...). What a fucking week. Felt like I grabbed a lot of good stuff. Just have to get all the shards of glass out of my hands.

 

You fuggin' said it. What a week.

Posted

So I was thinking of adding some more SD any my usual pattern is to put in a limit order and see if it gets filled.

 

This time I looked at the PUT options, particularly the put options for Oct. Someone check me on my thinking about this but what I ended up doing was selling some 2.50 Oct cash secured puts (ira) at .80 - the current share price is 2.06. the way I looked at it there are two possible outcomes.

 

1. share price stays low and i would have picked up the shares at an effective price of 1.70 a 17% discount on todays price.

2. the share price goes up and they expire worthless. my return would be 75% annualized return on the cash that is held for the cash secured put.

 

So either I get the shares at 17% discount or I make 75% annualized return if they expire worthless.

 

My risk is that I could be missing a multi bagger.

 

What are your thoughts, is this a smart way of going about it?

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