I've been getting my feet wet a little with some option plays. I've only been doing covered calls at this point.
Overall, my portfolio has been holding steady if not above.
I've had one or two small losses, but they were blessings in disguise as the stocks are actually lower than where I sold them at because they were assigned.
The only one I have now that hasn't been assigned is CBRL, but that's due to expire in another 7 days. If it is assigned, I'll be quite happy since even after transaction costs, it will finish up more than $10/shr, not counting divvies - and especially that extra dividend of $3/shr over and above the normal $1.10/shr.
I'm sitting on more cash now after the stocks were assigned, but think I'll let that sit still until Oct this year. I'm guessing that Sept this year will be a big enough drop I can hit the low point a little better, due to the Fed rate questions that loom, and China modifying their currency.
Overall, my portfolio has been holding steady if not above.
I've had one or two small losses, but they were blessings in disguise as the stocks are actually lower than where I sold them at because they were assigned.
The only one I have now that hasn't been assigned is CBRL, but that's due to expire in another 7 days. If it is assigned, I'll be quite happy since even after transaction costs, it will finish up more than $10/shr, not counting divvies - and especially that extra dividend of $3/shr over and above the normal $1.10/shr.
I'm sitting on more cash now after the stocks were assigned, but think I'll let that sit still until Oct this year. I'm guessing that Sept this year will be a big enough drop I can hit the low point a little better, due to the Fed rate questions that loom, and China modifying their currency.