I will be starting (and hopefully continuing) a thread on my stock buys, sells, and the covered calls I do.
I have been accused of clogging up the Option Forum with my boring covered calls over the years. I think the last time I looked, 7% of trades (in the option markets), were from covered calls. Something that is part of the greater picture, but nothing earth shattering for most traders.
A bit of my background, then a copy and paste from the Option Forum from my last trades there.
I'm 67 going on 68 (Sept). Married for a million years. My wife is involved with every trade we make. I must get her OK or we do not make the trade!! It comes in quite nicely when dealing with what went wrong. I will on occasions make a covered call in my Roth IRAs by myself...But for the trust/general trading, we both have to agree. She has a BA in business, with a college minor in Spanish.
I have traded stocks for about 40 years...About 20+ years on covered calls. I am a value/growth investor. Boring stable companies like ADM, Apple, QQQ...Like watching paint dry.
Over the years I was a farmer (almonds...but worked cattle with my late father in law [a vet]). I also worked in the family farms in wine grapes and peaches in my youth. I was a Realtor for about 15 years, worked in a call center for a few years.
I was a security guard for about 10 years on and off (before Obamacare). The security thing was for medical, dental, and 401K...Be a member of the union and work as little as possible (but keep those benefits)!! Just had to work 24 hours a week (average), to get benefits.
I have been a landlord since I was 18. After college (with no job prospects) I fell back into the family farm and bought rentals. My wife and I are down to one rental. Once they move out, we will hand it over to a rental company.
I am guessing...About a forth of our stocks are in covered calls (for income). Many mutual fund and owning things like QQQ and just holding tight.
I enjoy visiting my kids (grand kids) in CA and Montana. I don't want to deal with stocks/options if I don't have to. Just enjoy the day/smell the roses.
That is about it...Also a Christian will morals. But, I'm not tightly wound...I voted Libertarian last time for president (couldn't stand the other choices).
Below is the start of my trading thread/journal...Enjoy
Three quick trades...Bought 100 shares of Schwab (SCHW) for $60.54 ( I already own 100 shares). I had 100 shares called away a few months ago. The other 100 shares has no option on it. As I am typing I was thinking of FIFO...It didn't even come to mind during this trade.
I then did a covered call for the June 24 $65...I got $6.01 for the option.
The other option I wrote was for Century Communites (CCS)...We have had this stock for many years. Had (I believe) two covered calls that expired out of the money during this time.
Wrote a covered call for the March 24 $95. (two). I got $2.20 ($440.) for the option...Extra income. They do entry level homes...
PS I like the little cabin up in the hills for vacation, reflection...Hence Cabin111. But, I am also drawn to the ocean. IT IS NOT FOR THE LOVE OF CABIN SEATS ON THE PLANE!!
I have been accused of clogging up the Option Forum with my boring covered calls over the years. I think the last time I looked, 7% of trades (in the option markets), were from covered calls. Something that is part of the greater picture, but nothing earth shattering for most traders.
A bit of my background, then a copy and paste from the Option Forum from my last trades there.
I'm 67 going on 68 (Sept). Married for a million years. My wife is involved with every trade we make. I must get her OK or we do not make the trade!! It comes in quite nicely when dealing with what went wrong. I will on occasions make a covered call in my Roth IRAs by myself...But for the trust/general trading, we both have to agree. She has a BA in business, with a college minor in Spanish.
I have traded stocks for about 40 years...About 20+ years on covered calls. I am a value/growth investor. Boring stable companies like ADM, Apple, QQQ...Like watching paint dry.
Over the years I was a farmer (almonds...but worked cattle with my late father in law [a vet]). I also worked in the family farms in wine grapes and peaches in my youth. I was a Realtor for about 15 years, worked in a call center for a few years.
I was a security guard for about 10 years on and off (before Obamacare). The security thing was for medical, dental, and 401K...Be a member of the union and work as little as possible (but keep those benefits)!! Just had to work 24 hours a week (average), to get benefits.
I have been a landlord since I was 18. After college (with no job prospects) I fell back into the family farm and bought rentals. My wife and I are down to one rental. Once they move out, we will hand it over to a rental company.
I am guessing...About a forth of our stocks are in covered calls (for income). Many mutual fund and owning things like QQQ and just holding tight.
I enjoy visiting my kids (grand kids) in CA and Montana. I don't want to deal with stocks/options if I don't have to. Just enjoy the day/smell the roses.
That is about it...Also a Christian will morals. But, I'm not tightly wound...I voted Libertarian last time for president (couldn't stand the other choices).
Below is the start of my trading thread/journal...Enjoy
Three quick trades...Bought 100 shares of Schwab (SCHW) for $60.54 ( I already own 100 shares). I had 100 shares called away a few months ago. The other 100 shares has no option on it. As I am typing I was thinking of FIFO...It didn't even come to mind during this trade.
I then did a covered call for the June 24 $65...I got $6.01 for the option.
The other option I wrote was for Century Communites (CCS)...We have had this stock for many years. Had (I believe) two covered calls that expired out of the money during this time.
Wrote a covered call for the March 24 $95. (two). I got $2.20 ($440.) for the option...Extra income. They do entry level homes...
PS I like the little cabin up in the hills for vacation, reflection...Hence Cabin111. But, I am also drawn to the ocean. IT IS NOT FOR THE LOVE OF CABIN SEATS ON THE PLANE!!
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