Silicon Investor - Option Strategies

[robert b furman] HI hammer, AMEN BROTHER! In time decay I trust. Bob

robert b furman — 6/4/2026 10:25:06 PM

[Thehammer] Hi Bob, Very nice to hear from you! Not sure how sound my views are, but gener...

Thehammer — 6/4/2026 5:10:08 PM

Hi Bob,

Very nice to hear from you!

Not sure how sound my views are, but generally I make fewer mistakes than I used to.

I think Elroy qualifies as an investor as well as he made some good calls in past like SIMO and UAN.

I never play the weekly options but to each his own. When I sell it uis usually with at least a month to expiration.

I don't really have that many open positions now. A couple of short puts and 4 or 5 covered calls.

Most of my spec comes from buying pre ipo securities like SPCX and GROQ. GROQ worked out well but SPCX will have a lockup period.

`When I worked in brokerage I used to argue with Compliance that selling cash covered puts was less risky than outright buying shares.

I learned that rule the hard way......

[robert b furman] Hi Hammer, Good to see you posting your sound views. Elroy enjoys speculating....

robert b furman — 6/4/2026 3:47:31 PM

Hi Hammer,

Good to see you posting your sound views.

Elroy enjoys speculating. He is much younger than we investors.

LITE absd COHT are for sure in tomorrow's new tech.

Photons are quicker and do not create heat like electrons do.

That being said one week is not the time period for photons to prevail.

Your number one rule is one "I LIVE WITH!"

Thanks for sharing your wisdom.

Best of trades.

Bob

[Thehammer] Thanks dealmakr, Appreciate the information, but it was Elroy who is selling ca...

Thehammer — 6/4/2026 1:55:43 PM

Thanks dealmakr,

Appreciate the information, but it was Elroy who is selling calls and puts on LITE. I have a minor position in LITE. In this market, I have not been opening many option positions. I seldom go long options but I should probably consider that.

[dealmakr ] LITE is heavily owned by institutions as of 05/15/26 With 110% of the float own...

dealmakr — 6/4/2026 1:13:18 PM

LITE is heavily owned by institutions as of 05/15/26

With 110% of the float owned per NASDAQ

Institutional Ownership
110.83%
Total Shares Outstanding (millions)
78
Total Value of Holdings (millions)
$80,883

And Short interest as of 05/15/26 fairly high, but coming down;

Settlement Date Short Interest
05/15/2026 9,154,609

You can get whipsawed very easily on either side of the trade.

Hockey stick chart pattern, with a ton of momentum.

Good Luck

[Thehammer] If a put is in the $$$ it will be exercised. Early execution often happens if th...

Thehammer — 6/2/2026 12:12:10 PM

If a put is in the $$$ it will be exercised. Early execution often happens if there is a pending dividend or the TV is low. You have to consider that the other side of the trade may have been short the stock or hedged and they had to cover or were locking in a profit.

LITE is a great stock for options with that level of volatility.

Yep earnings releases can pump or dump a stock. Some folks try to avoid binary situations like that, but again you will get better premiums in advance of earnings.

Around earnings, you could hedge with an OTM long put. I know you said you don't want to do that but it may be a special situation and then go back to weekly shorts after that....

[Elroy] I don't mind owning more LITE (I own a few core shares). So if I get put, I'm fi...

Elroy — 6/2/2026 9:59:38 AM

I don't mind owning more LITE (I own a few core shares). So if I get put, I'm fine with that.
I was surprised when the Friday short put got put to me Friday morning, even though the option was well in the money. LITE is super volatile (look at it today, up $70 already), so I was caught off guard. My thoughts here is from now on if the put is over $100 in the money on Thursday, I'll roll it one week forward then rather than wait until Friday and risk getting put a day early.

I don't want to pay for long put hedges. I prerfer to just get put, then start selling covered calls. The idea is entirely to catch the (very high) weekly premiums, from short puts or (if I get put) from short covered calls.

I think LITE is generally going higher for the next few years, with lots of volatility. So worst case (I get put) doesn't bother me. Look at the last week's problem (I got put LITE at $1,000 on Friday before the open). LITE dipped to $820 yesterday, and is already $970 today. Amazing, actually.

My other issue is I'd rather not have exposure over earnings releases, if possible. That's where the story can change, for example - "Our growth outlook is so strong, we are increasing Cap Ex by 1,000% to increase capacities. This increase will cause losses over the next 12 months, but much larger profits after that....". I want to avoid something unexpected like that.

[Thehammer] Rule number 1 - never sell puts on stocks you do not want to own (unless you con...

Thehammer — 6/2/2026 9:51:27 AM

Rule number 1 - never sell puts on stocks you do not want to own (unless you consider yourself a trader / speculator)

I have literally sold thousands of put and many of them have gone into the money.

Very seldom have I actually had the stock put to me, even when they went deep ITM. I typically rolled.

Very early on I got greedy and was in some tight tough spots and managed to extract myself. That is my reason for rule number 1.

Another option (no pun intended) is to hedge the positions with long puts.

[Elroy] LITE is a hot high growth high valuation photonics technology stock selling comp...

Elroy — 6/2/2026 7:37:37 AM

LITE is a hot high growth high valuation photonics technology stock selling components into AI data centers. Go go growth stock.

The share price is highly volatile, and there are weekly equity options traded on the stock.

I've been selling weekly put options for 4 weeks now. If the weekly puts that I've sold expire out of the money on FridayI let them expire, and do the same thing (sell another one week LITE put) the following week.

If the weekly LITE puts that I've sold are in the money on Friday I roll them forward (buy back the today expiring in the money short LITE put, sell the same thing expiring a week later) and pocket the premium.

It has been very lucrative so far. I'm in week 5 of doing this weekly put shorting now.

Last week on Thursday when LITE was about $880 a next day (Friday) LITE $1,000 put that I was short was exercised on me (I got put 100 shares of LITE at $1,000). This surprised me as I didn't think such a volatile underlying position would be exercised early even though it was deep in the money. So I bought a big chunk of LITE for $1,000, and immediately sold this week LITE $1,000 calls, pocketing the premium. For this new unwanted long LITE position I plan to continue to sell LITE $1,000 one week covered calls, until they expire in the money and I sell the unwanted actual LITE position at the same price that it got put to me.

So the way this trade goes awful is LITE turns around and heads South, I get put all the weekly deep in the money puts that I am short, and then LITE never rises back to the price where I got put. In other words I buy the stock at a high price, and it never reaches that price again. A risk I'm willing to take.

I'm currently short this Friday LITE $945 and $970 puts, and short a this Friday $1,000 LITE call against the 100 shares of LITE I got put last week at $1,000 when that put was exercised on me a day early.

LITE looks to be $970 pre-market, up perhaps on the STM increased AI datacenter guidance pre-market.

Anyways, if there's any way to do this rolling short puts on a volatile but rising stock idea that is better than what I'm doing (my friends call my trading strategy "winging it"....) I'd love to hear suggestions.

[sm1th] Sold CAVA Aug 85 puts for 7.25 today. It has been a hot momentum stock, but is ...

sm1th — 7/2/2025 6:58:21 PM

Sold CAVA Aug 85 puts for 7.25 today. It has been a hot momentum stock, but is near 52 week low. If assigned, 77.75 seems like a reasonable entry, if it expires. 8.5% for 6 weeks.

[FIFO_kid2] S. maltophilia- I immediately thought of the algorithm being changed. They did s...

FIFO_kid2 — 6/15/2025 5:55:52 PM

S. maltophilia- I immediately thought of the algorithm being changed. They did shrink the credit spreads on some stocks where nothing would be realized that earlier were even easy to phish in the beginning of my campaign like XOM as an example but quite a few still remained untouched. The change also was so abrupt it happened at 1 PM CST right on June 5 after my CRWV plunder where they immediately put a stop to it on that particular stock but then why is it is still available to the other parties in other stocks and not available to me? I was also a super client who paid around 14K in commissions over that time period.

I have tried my other account with another broker where trust me I am nowhere as proficient with the other platform with no luck. So am I Jesse Livermore being banned from the bucket shop?

For me it didn't matter what kind of contract you used one subject to section 1256 or ordinary taxation I didn't really care but certainly favored the one with the short term tax advantages.

When I started doing this no one but me was using this tactic on typically zero bid options. 4 months later it became very commonplace.

I can say making money was so easy analyzing a stock and taking the risks involved in investing was a total waste of time. Now it is back to the grind in an uncertain macro market. Yuck!

Maybe you can try it and see if it works for you. Print the page that gives the entire list of options that expire weekly and thank me in private if it works for you.

[S. maltophilia] Maybe direct some trades through a different broker and compare. I don't know if...

S. maltophilia — 6/15/2025 2:48:05 PM

Maybe direct some trades through a different broker and compare. I don't know if section 1256 exchanges are as algorithm dependent as the usual equity and index option markets, but I don't think a human market maker would recognize your orders coming from another broker.

[FIFO_kid2] I might as well be open about it since I believe I am being targeted/blacklisted...

FIFO_kid2 — 6/15/2025 2:26:15 PM

I might as well be open about it since I believe I am being targeted/blacklisted from getting fair access in the options market and expose the scam going on. Since last Thursday (June 5) I have been unable to get any contract between the bid/ask. Even ones that incur plenty of risk but other parties are getting access to them.

My suggestion is to phish WAY out of the money credit spreads (it really doesn't matter if they are a put or call) on less popular stocks with weekly option contracts to see if these zero risk options are going through. I was doing them for about 4 months albeit at a lower return than they are getting last week and spent over 10 thousand in commissions alone targeting these over that time period and it is obvious I am now not part of the preferential club.

BOIL/KOLD are my favorite because they are section 1256 contracts but pretty much any weekly contract with a wide spread is game. Someone is still obviously getting preferential treatment because I see trading markers of them still happening in some volume. People are getting over a 30% return in a day on zero delta aka zero risk options on a Friday. Loan sharking even isn't as profitable as this.

[sm1th] Rolled SWK May 65 calls to Jun 70's. Cost me 3.50, but I also get a dividend pa...

sm1th — 5/13/2025 2:35:43 PM

Rolled SWK May 65 calls to Jun 70's. Cost me 3.50, but I also get a dividend payment. Seems better than getting called Friday.

[sm1th] China tariff announcement raised hell with my covered calls. BBY May 72 calls lo...

sm1th — 5/12/2025 1:59:52 PM

China tariff announcement raised hell with my covered calls.
BBY May 72 calls looked safe yesterday. After $4 jump, I rolled them to June 72.50's for 2.75. Not a bad position for now.
SWK May 65 calls looked good yesterday, today's price ~73. Haven't yet found anything better than letting them get called.
PSX May 109 calls were close too even yesterday, deep in the hole today. Again, don't like any roll forward choices.

I understand why BBY and SWK were affected by China news, but why PSX?

[robert b furman] Hi sm1th, That sounds like a great call. Lidar is a big growth market for auto...

robert b furman — 4/17/2025 4:57:38 PM

Hi sm1th,

That sounds like a great call.

Lidar is a big growth market for autos

Bob.

[sm1th] Wrote OUST May 6.00 Puts for 0.53. 9% for a month. This is as more a story sto...

sm1th — 4/17/2025 4:43:22 PM

Wrote OUST May 6.00 Puts for 0.53. 9% for a month. This is as more a story stock than a proven winner, but early player in LIDAR which should be a growth market. If assigned, my cost is below 52 week low. Risk/reward seems pretty good.

[robert b furman] Hi Sm1th, All we need is tough sanctions on Iran and Venezuela's sanctions cont...

robert b furman — 3/28/2025 4:59:47 PM

Hi Sm1th,

All we need is tough sanctions on Iran and Venezuela's sanctions continue, crude will be tight all summer, even with OPEC+ adjustments up - if they all can do that?

Some say the Permian has plateaued.

If so, more drilling of marginal wells will be required to keep current production. That will require higher crude prices for it to be justified.

Bob

[sm1th] Had CVX April 170 covered calls. Price was getting too close, so I rolled them ...

sm1th — 3/27/2025 1:01:46 PM

Had CVX April 170 covered calls. Price was getting too close, so I rolled them forward to May 175's. $0.23, but the premium wasn't as important as avoiding the call.

[robert b furman] Hi Sm1th, I just sold 10 March 21 puts on NOG (Northern Oil and Gas) strike pr...

robert b furman — 3/13/2025 3:10:03 PM

Hi Sm1th,

I just sold 10 March 21 puts on NOG (Northern Oil and Gas) strike price $28.00 for 83 cents and 10 March 21 strike price $27.00 for 40 cents.

If put to me a net prurchase price of $27.15 and $26.40.

The Board of Directors has just announced a quarterly dividend of .45 cents /1.80 annually (a 12 % increase over last year.)

If assigned, the $28.00s will yield 6.63% and the $27.00's will yield 6.77%.

The new dividend has an ex dividend of 3/28.

If they expire to 00.00, I'll keep the $1230 and hopefully buy 1000 shares of the stock near $28,000 - $1230 = $26770 or $26.77 / share. $1.80 dividend/ $26.77 = a dividend yield of 6.72%

I'm OK with either alternative.

One could assign and one go expire in the next 8 days and I'll be OK with that as well.

Better that a bank and taxed at 20% max.

This brutal decline is bumping up the premium in puts, which if assigned results in a higher than normal dividend yield.

Northern oil and gas buys participation in oil wells in all of the shale basins and gas wells in the east coast (Utica dry gas).

They do not operate the wells , so their overhead is minimal. Their commitment is to maximize the dividend. Management has a large ownership position.

I like riding on the tails of management.

Bob

[Elroy] Pk, well that's a bummer! Thanks!

Elroy — 8/3/2024 1:32:33 PM

[THornsby] >> So.....if someone wanted to roll Aug options into Oct options, it's not possi...

THornsby — 8/3/2024 11:15:30 AM

>> So.....if someone wanted to roll Aug options into Oct options, it's not possible because the Oct's don't trade until Aug expiry?

That is correct

[THornsby] There are 3 expiration cycles: - January, April, July, October - February, May...

THornsby — 8/3/2024 11:13:39 AM

There are 3 expiration cycles:

- January, April, July, October
- February, May, August, November

- March, June, September, December

All optionable stocks offer options in the current month, the following month and at least the next two months in the cycle.

500+ stocks and 100+ ETFs offer weekly options for the next 6 weeks.

Many optionable stocks offer LEAPS (options expiring in more than one year) resulting in two subsequent January expirations.

Stocks and ETFs whose options are heavily traded may have even more expiration months.

[Elroy] Ok thanks. So.....if someone wanted to roll Aug options into Oct options, it's ...

Elroy — 8/1/2024 11:21:41 AM

Ok thanks.

So.....if someone wanted to roll Aug options into Oct options, it's not possible because the Oct's don't trade until Aug expiry?

I haven't got any Aug's, just curious. I do have lots of SIMO Sep calls that I may want to roll into Oct, depending on where the share price is in Sep. Moving around a lot in the past month.

[TheNoBoB] Option expirations fall into one of three cycles; first month of the quarter, mi...

TheNoBoB — 8/1/2024 10:47:55 AM

Option expirations fall into one of three cycles; first month of the quarter, middle month, or last month. Since SIMO has active Sep and Dec expirations, we can guess that they're on the last month cycle. Normally, the two front-most months are available (Aug and Sep, in the case of SIMO), as well as the next two cycle months (Dec, Mar). The Jan's were originally LEAPS (Jan '26 is also available).

The October expiration will list once the August rolls off.

[Elroy] Does anyone know what is the policy for initial trading in out months of "semi-i...

Elroy — 7/31/2024 1:34:38 PM

Does anyone know what is the policy for initial trading in out months of "semi-illiquid" options.

I'm curioous about SIMO. Eventually SIMO trades options in every month, but currently there are Aug '24, Sep '24 and then it skips Oct and Nov, and then has Dec 2024, Jan 2025, skips Feb '25, and then has Mar 2025 already trading.

At some point in the near future Oct 2024 will begin trading. Does anyone know the policy of when that will begin? What is the policy for beginning trading in the "less active" months?

[sm1th] I decided to let the MGA puts be assigned, pays close to 4%

sm1th — 5/17/2024 5:33:48 PM

[THornsby] AFAIC, selling options really low priced naked options is like picking up pennie...

THornsby — 5/1/2024 5:27:42 PM

AFAIC, selling options really low priced naked options is like picking up pennies in front of a steamroller. It's not a criticism, it's just not for me.

[sm1th] Closed my DJT puts for .10. 90% of the potential profit in 1/3 of the time.

sm1th — 5/1/2024 2:41:12 PM

[Elroy] Thanks for the advice. I already sold the in the money $2.50 call a few days be...

Elroy — 4/29/2024 6:59:48 PM

Thanks for the advice. I already sold the in the money $2.50 call a few days before expiration. I general I think I lost about 2 cents of intrinisic value waiting for the sale to go through.

[THornsby] If NGL is $6.02, your short dated $2.50 call has $3.52 of intrinsic value. You ...

THornsby — 4/29/2024 6:39:24 PM

If NGL is $6.02, your short dated $2.50 call has $3.52 of intrinsic value. You could place a STC order for a better price but there is no incentive for anyone to give you full value. While waiting for a better fill on the STC order, XYZ could change in price and intrinsic value could be lost. Take the win.

For stocks whose options are liquid (not NGL), there are several things you can look at if the B-A spread is very wide:

-Collar your long ITM call

-Execute a spread where you option is one leg and the other OTM and inexpensive. As soon as your filled, close the new leg. This strategy is particularly useful at the end of year when you have zero bid options that you want to close for tax purposes. Market makers are more likely to fill such orders because they're capturing more B-A spread (two legs).

These option adjustments are viable if the options are liquid with narrow spreads. With all of these extra transactions, in the long run, most of the time it makes more sense to (1) sell to close your long call if you can get within a few cents of intrinsic value or (2) If you have the buying power, do a Discount Arbitrage, avoiding the B-A haircut. For your long ITM call, short the stock to lock in the intrinsic value and then exercise immediately. Short the stock first to avoid leg out risk. If you have a large number of calls, stagger the transactions.

[THornsby] Even if you knew if the person who put that trade on was a buyer or a seller, th...

THornsby — 4/29/2024 10:27:57 AM

Even if you knew if the person who put that trade on was a buyer or a seller, there's no way to know if he was bullish or bearish.

For example, if he bought the calls outright, he's bullish. However, if he shorted the stock while buying those calls, he'd be bearish.

Or perhaps this position is part of a spread, so he could be bullish or bearish?

Or maybe the trader bought the calls and another trader was selling puts, and the market maker put on a conversion, laying off his own risk.

AFAIC, there's no way to determine the future direction of the underlying.

[sm1th] I just sold Apr MGA 50puts for $0.55. Rolled forward to May for $1.35

sm1th — 4/12/2024 7:38:39 PM

[sm1th] Trump Media DJT. Not my usual trade, but I sold May 15 Puts for $0.81. Closed...

sm1th — 4/9/2024 5:08:12 PM

Trump Media DJT. Not my usual trade, but I sold May 15 Puts for $0.81. Closed today ~37.5. I normally look for around 1% per month, this is 1% per week.

[S. maltophilia] OK. Hope you get one. Though I think there was one this afternoon. Usually, as e...

S. maltophilia — 4/8/2024 11:53:10 PM

OK. Hope you get one. Though I think there was one this afternoon.
Usually, as expiration approaches, trading gets thinner, spreads widen, and it becomes difficult to sell at one's price.

[Elroy] The only other suggestion is maybe a calendar spread to July if you're really co...

Elroy — 4/8/2024 11:35:16 PM

The only other suggestion is maybe a calendar spread to July if you're really confident in the stock.

What's that? Sell April $2.50 and buy July $2.50? I don't want to pay time premium.

I'll probably wait one day this week for a ~10 cent pop, and try to sell them then.

[S. maltophilia] Well, looks like it closed well off the high, and the 3.40 bid appears to have v...

S. maltophilia — 4/8/2024 7:29:24 PM

Well, looks like it closed well off the high, and the 3.40 bid appears to have vanished (I wasn't looking right before the close, but the ask is still 3.60). Hope it goes back up, but with 8 trading days, you're taking a chance. I feel more comfortable selling at market with a solid bid like that and possible price improvement. Too many times over the years I've seen too many people lose serious money holding out for a few pennies. Especially if you don't want K-1 complications, you dont want to go through exotic hedging contortions.

The only other suggestion is maybe a calendar spread to July if you're really confident in the stock.

[Elroy] You seem to be saying....hit the option bid? I won't do that. I've got nine da...

Elroy — 4/8/2024 6:03:56 PM

You seem to be saying....hit the option bid?

I won't do that. I've got nine days. My thoughts are if NGL is $6, and the April $2.50 call is $3.40 and $3.60, put in an offer at $3.55, and wait for a day (one out of the next nine) where the underlying NGL moves up through $6.05.

I'm definitely not slamming a bid. I'm going to (I think) make an offer, and wait to get paid.

My question is any suggestion on how to do it to maximize the sale price? Hitting the bid is the way to close out the trade with no concern for price.

Yes, I've done well with this trade, but that's still no reason to sell lower than absolutely necessary. I've got enough bad trades to offset that I can't be giving away return.

-----

One possibility is to go short the number of units which match the call, and then exercise the call and tell the broker to offset the short position. In this case, do I never actually own units?

I'm trying to maximize return while not also mucking up my K-1. I have long term NGL units in my account, I'd prefer it if this trade doesn't affect them at all.....

[S. maltophilia] Might as well let them go at market. There's a bid for 163 contacts @3.40 (big e...

S. maltophilia — 4/8/2024 3:21:17 PM

Might as well let them go at market. There's a bid for 163 contacts @3.40 (big enough for you?<g>). You're just as vulnerable to the stock giving up it's 1/8 gain on the day as you are to getting a bum fill. Presumably you've done well being long that call. Might as well lock it in. You may well get 3.45 or 3.50

A stop won't work because, if it's triggered, you're likely to get considerably less than 3.40.

You're fortunate the market isn't something like 1.80 - 3.60.

Take the money and run.

[Elroy] Does anyone suggest any special technique to sell deep in the money short dated ...

Elroy — 4/8/2024 2:44:58 PM

Does anyone suggest any special technique to sell deep in the money short dated options?

I've got lots of April NGL $2.50 calls. I want to sell them rather than exercise and sell NGL.

Any good approach other than just putting an offer out there and waiting for the share price to move higher enough that the market maker will buy them?

I worry that if NGL is $6.02, and I put in my offer to sell April $2.50 NGL calls for $3.55, NGL will have to go well above $6.05 before the market maker is kind enough to buy them from me......

[Elroy] Hola! I've been selling some puts in the past year, I guess this is a place to ...

Elroy — 3/27/2024 8:47:26 AM

Hola!

I've been selling some puts in the past year, I guess this is a place to discuss the strategy?

Back in Oct last year I sold short a lot of NGL $5 Apr and $7.50 Apr puts, and bought NGL $2.50 Apr calls.

NGL is an MLP, so the puts are section 1256 contracts, and are taxed differently from equity options. Regardless of how long you hold them, the gain loss is 40% short term and 60% long term. And the strangest thing is they mark to market on Dec 31st, forcing you to realize your gain or loss each tax year even if you didn't close the position.

Anyways, recently I've sold some Oct $7.50 NGL puts, and I'm just waiting for the unit price to go higher. Not a super complicated bet, but a way to be more long without investing my capital.

Lets see. I bought this Friday CCL $15.50 calls yesterday. CCL reports this morning. Hopefully it will go up!

[robert b furman] Hi sm1th, That's true. Unless you time the sells in a downward market during a...

robert b furman — 3/20/2024 10:03:14 PM

Hi sm1th,

That's true.

Unless you time the sells in a downward market during a dip.

That's why I used CLX studies to help in confirming we're in a dip.

Don Wolanchuck teaches CLX studies and a derivative of that is a condition called "Bottomspotter".

I often found I had sold and then in a dip I was under water or could have really picked a greater premium in the dips.

I'm not sure how it works for you, but a guy can run out of money, if he doesn't buy during bottoms or dips.

Do you ever think you get too many assignments?

Don and a group discuss the CLX daily over on the Crystal Ball Forum, in a section called "Wollie World".

cbforum.com/context/main/wollieworld/msgindex.htm

I found it helpful.

At any rate it is good to see you posting and collecting some premium.

I think it is a great way to accelerate income when added to receiving some dividends.

Hope that helps.

Bob

[sm1th] For cash secured Puts, I am generally looking for 1% per month. The lower strik...

sm1th — 3/20/2024 7:33:45 PM

For cash secured Puts, I am generally looking for 1% per month. The lower strikes don't give that.

[robert b furman] Hi sm1th. Nice flatliner for a stock. More open interest at the 47.50 contract...

robert b furman — 3/20/2024 2:05:10 AM

Hi sm1th.

Nice flatliner for a stock.

More open interest at the 47.50 contract.

This market has been strong, I'm expecting a breather may happen.

Then I'd double down on the 47.5, and triple down on the 45.00.

That would get your yield in the 4.% plus.

I missed on XOM @ 95.00 and CVX at 130.

Have my cash sitting in Money market account getting 5.0% plus.

I think crude will get expensive this summer drive season.

The oil patch will give Biden some inflation before the election. PAYBACK!

Good to see you posting.

Best of trades!

Bob

[sm1th] I just sold Apr MGA 50puts for $0.55.

sm1th — 3/19/2024 2:25:24 PM

[robert b furman] Hi sm1th, Kaching - KEEP THE CASH! You get to do that again, nice work. Bob

robert b furman — 3/19/2024 1:03:05 PM

[sm1th] MGA was right at my option strike, but expired.

sm1th — 3/18/2024 12:46:41 PM

[sm1th] Sold MGA Mar 52.50 Puts for .55. Will pay about 3.6% if assigned.

sm1th — 2/26/2024 4:14:30 PM

[sm1th] UPS was assigned, pays a little over 4%, will hold at least for a while.

sm1th — 2/20/2024 9:37:12 AM

[sm1th] CSCO puts were assigned as expected

sm1th — 2/17/2024 12:09:08 PM