I love my wife...Great woman and great investor. She doesn't like to do many covered calls. She buys quality and wants to hold onto it. A couple of her stocks have been buy outs...To give you an idea. She sees value and is usually right with her decisions. So in her ROTH IRA, she has 100 shares of Novartis...Large drug company (Switzerland). I told her she might want to do an option on this. She is reluctant to do it...Good company, good pipeline, good patents, good dividend. The stock is close to it's all time high!! So she decides to try and option it for the Jan 24 $115.00 for $1.35 ($135.00)...Just a little extra income...Tax free. She did this on Monday or Tuesday. I offer to lower the price to get her the fill, (I do the trading...She gives the OK). I am worried about her not getting the fill and others (big boys) jumping ahead of her. I am like, "lower the price...Get the fill"!! She is more like "keep it there...That is a good price (since it's a good company), it will get filled. If not, I'll just keep holding". Sure enough, she got the fill today (stock hit it's yearly high). In my words, she is like "I know what I've got (people are fleeing to value)...Let those option traders come to me"!!! I had to laugh...
What the marriage or the trade?? Been married since 1984. I'm 67 1/2...Not great techno savvy. When I was in college we were learning BASIC...Those people who knew FORTRAN AND COBOL were flying!! You want to see a picture of a $135. trade on a covered call?? I have problems sending screen shots to my wife's phone...Much less getting it on a website. You can believe me or not...Don't really care. Not worth the hassle to ask someone to help me. I could grab my son in law who codes 40-45 hours a week. The last thing he wants to do is help his father in law with some lamebrain computer request... In a couple of years, I'll have my granddaughter screenshot and send it. She just turned 5...She should be able to do it by then!! PS My wife is a robo babe...
I was bored. I took a small trade right before the market unexpectedly closed out on me. Thought it was gonna be one of those half days.
On my phone that clip showed "Wayne's World 3" and I got all excited and thought whoa they made a 3rd one?"