For my own investment strategy I'm selling puts on Wells...

📉 Bill Stock market thread 7/13, go:

😏 Yt L. For my own investment strategy I'm selling puts on Wells Fargo at 24.5 for 7/17. I don't think it'll drop that low, and if it does I'd be fine owning it for a while, I think it's mostly stable with decent dividends.

4y, 23w 6 replies

Grendel Wow, this place is pretty new and I'm already seeing WSB starting to form here.

4y, 23w 1 reply

😏 Yt L. $$$$$$$$

4y, 23w reply

🗜️ Mx I just sold mine with a small loss. I don't like to hold naked puts through earnings. EA is tomorrow before market open.

4y, 23w 1 reply

😏 Yt L. I've got to wait until after tomorrow morning to reply to this. :)

4y, 23w reply

📉 Bill Doesn't seem like much premium there? Were you planning on buying anyway?

4y, 23w 1 reply

😏 Yt L. I sold at 0.51, so it's about 2 percent returns on premium compared to collateral. Regarding buying it anyway: I keep a list of stocks I like and look for chances to sell a put in exchange for premiums at about this (2%) ratio.

4y, 23w reply