DCP - In The Face Of Panic: Selling Income-Generating Put Options Phillips 66 Edition
Trying to call a bottom to the current energy and coronavirus-driven market sell-off is a fool’s errand. Nobody knows. It could end soon or it could be long and drawn out. However, it’s okay to be a bit opportunistic during the current market sell-off, so long as it is consistent with your long-term investment goals (e.g. “be greedy when others are fearful,” and “buy when there is blood in the streets.”). One such opportunistic strategy that’s become particularly attractive now, is selling out-of-the-money income-generating put options on stocks you’d like to own for the long