Weekly options write on PM
Thinking about doing weekly options write on PM which is a stock in my portfolio.
Over the long haul PM has been one if not the best stable performing stock of all time of approx 20% annualized.
Max ATR(7) is 5 and was a rare event. Glad to add to it in my portfolio if I am called around the 80 ish range.
Despite dollar strength it is performing. What then when king dollar one day reverses... Product usage is increasing around the world and price is unelastic for products.
Over the long haul PM has been one if not the best stable performing stock of all time of approx 20% annualized.
Max ATR(7) is 5 and was a rare event. Glad to add to it in my portfolio if I am called around the 80 ish range.
Despite dollar strength it is performing. What then when king dollar one day reverses... Product usage is increasing around the world and price is unelastic for products.
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