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Energy Transfer LP
Long

Long term wheel on Energy-Transfer

By CadenJA
Updated
ET snapshot

ET is in a long term uptrend the idea is too be selling CSP's to average myself into the stock. As the title of this plan states ill be doing the "Wheel" selling cash secured puts at or along the posted trendline while simultaneously selling calls on my already owned shares to generate income. I don't see very many political or economic headwinds in the near future that will affect this stock as they are involved in the transportation and storage of NATGAS and Crude oil and I don't see demand slowing down; even more so in the united states as we are becoming a net exporter. Could be blue skys ahead.
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Sold 8 $11 CSPS expiring this Friday for around .11 a piece, bought them back for a 80% profit at .02
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Still trading this name today. Have 10x 11.5P expiring tomorrow 9/9/21 I don't think Ill be assigned.
Order cancelled
Trades all closed
ETTrend Analysis
CadenJA

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