Doug, the same rule applies to core stock positions and stock option positions, and If the price of the stock or the option goes down then buy more stock in your core positions, and buy more contracts in your option positions, and by doing this you will lower your original purchase price by the average of new stock you bought and the number of options contracts you bought.
I could be wrong, what does everything think of long dated Oil derivatives? Biden closing down US domestic production, inflation leading to higher petro prices and more instability in the Middle East. Thoughts Lions?
Stephen, I opened 2 core stock positions XOM that pays 8.37% dividend and CVX that pays 6.21% dividend and the stock have already increased 12% in stock price value since I bought them, and I expect oil prices to go much much higher. I'm buying more of both and adding to my positions.
That's a good Call, and with Biden I knew oil will most likely go way higher, and Biden shutting down the pipe line down, squabbles about China buying Venezuelan oil under the table by doping the oil and Middle East tensions will drive prices higher!!!
Does this include our core positions?
i imagine he's referring to core positions only, yes
Ok. Thanks. It seems Greg always separated "trades" from "equity or core" holdings. I appreciate your help.
Doug, the same rule applies to core stock positions and stock option positions, and If the price of the stock or the option goes down then buy more stock in your core positions, and buy more contracts in your option positions, and by doing this you will lower your original purchase price by the average of new stock you bought and the number of options contracts you bought.
I could be wrong, what does everything think of long dated Oil derivatives? Biden closing down US domestic production, inflation leading to higher petro prices and more instability in the Middle East. Thoughts Lions?
Stephen, I opened 2 core stock positions XOM that pays 8.37% dividend and CVX that pays 6.21% dividend and the stock have already increased 12% in stock price value since I bought them, and I expect oil prices to go much much higher. I'm buying more of both and adding to my positions.
That sounds awesome! Thanks for sharing your approach. I bought some USO and DPO long dated In The Money calls.
That's a good Call, and with Biden I knew oil will most likely go way higher, and Biden shutting down the pipe line down, squabbles about China buying Venezuelan oil under the table by doping the oil and Middle East tensions will drive prices higher!!!
Great idea, just bought some bargains!
Thank you Greg, me too.
Good..
Friday gold and silver beatdown. How about another slv gld position?
LETS GO baby, got the benjamins out n runnin
what a frustrating day of trading!
Thanks Greg same here!!!
Opinions on Nasdaq?