This dragon year is a clash year for me. Its either i change, or something will happen to force me to make changes.
[Facepalm]
I won’t be changing my dividend portfolio strategy as its a long term investment. I do have to review in how i handle my options trades.
I realised that last year, I embraced earnings which is high risk and high gain, which i tried to profit using iv crush. But it ended up with me bag holding more stocks than i wanted to, some of which arent so optimal for option selling, such as $Target(TGT)$
I intend to change my approach towards earnings this year. Either i avoid earnings, or i will study how to minimise impact of earnings of my option positions cannot be removed.
Another change is to unwind of assigned shares last year and to use options to eventually exit the positions with profits. Eg $Estee Lauder(EL)$$American Express(AXP)$
By using covered calls and recentering of strangles to make adjustments.
Lets hope for the best this year. [Victory]
Comments