📉 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.

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

😏 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.