My old covered call on JNJ expired over the weekend. music selection: “Hurt” — Johnny Cash weigh-in: 226.0 (2.0) #loser I opened a new covered call between 5 to 10% out of the money as is my usual operating procedure.
My old covered call on JNJ expired safely out of the money on Friday. music selection: “Sundown” — Gordon Lightfoot weigh-in: 228.0 (2.2) I wrote Friday about going 10 percent out of the money for covered calls. That is not
Options have the unfortunate reputation of being risky. I hope to dispel that notion today. music selection: “Sacred Heart” — Dio While it is true that a Lizard can shoot himself in the foot by applying excessive options leverage, that
Another options expiry Friday has come and gone. My AXP and GIS written puts closed well out of the money and I’m saying goodbye to those names for now. music selection: “Crazy Love” — Ray Charles (Feat. Van Morrison) My Johnson
Today I wrote a put on a really solid business. The company is Johnson & Johnson (JNJ). They have a long history of sales growth and topped 73 billion last year. As sales have increased, so have profit margins (currently over