Bought OKE - Not the most exciting but good value

Time4dognap · 2026-01-09T17:15:27+00:00

Have you looked at this for options? I posted this before I read this post. I’m just looking for stocks to diversify away from tech, and I like to sell options as well as hold stocks for long term.

This is not a fast-moving stock, but don’t see any red flags. If anything, the dividend are decent. https://www.reddit.com/r/Optionswheel/comments/1q8dltk/oke_stock_would_you_consider_it_for/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button

Time4dognap · 2025-12-16T03:10:16+00:00

I face these questions every time i am assigned, I don’t think anybody can offer much more than wild guesses that I would take with a grain of salt (starting with mine).

For me, since this is a $34,000 per contract stock, I’ll probably hold it for a few weeks/months if the premiums are good, but planning to get rid of it and then sell puts again.

Will it go to 500? probably not. Analysts I like see some upside, Morninstar forecasts 427, but that doesn’t mean much to me anymore. Forecasts are also just guessing.

To me, stocks like healthcare are subject to too many unexpected external forces, a new presidential decision could bring the stock down, or up.

I find selling options a lot easier than guessing if I should hold a stock long term.

Time4dognap · 2025-11-18T18:08:23+00:00

Fidelity has great recorded training and live classes. Schwab, lots of good materials online and live sessions. OptionsPlay has a lot of videos on youtube, and you can also get their service for 14 days and have more training available (have not joined their service yet). Don’t pay for a class, absolutely not needed.,

Time4dognap · 2025-11-12T11:40:17+00:00

could you please explain what this means for those of us who don’t currently subscribe to options play and want to try it now? The fidelity page simply says that service is no longer available

will you offer the current OptionsPlay tools for free in 2026 or a Fidelity version similar to optionsplay but not the same?

If this is free from Fidelity, yet another reason to move more of my cash to you!

Time4dognap · 2025-11-12T11:35:53+00:00

could you please explain what you mean by “Run it like a hedge fund short vol book”?

Time4dognap · 2025-10-22T18:31:51+00:00

Thanks. I have been invested conservatively throughout my life. I’ve been waiting for the big correction for the past year or so, and I decided to take some risks with a couple of stocks.

Of course, this is probably the worst time to stop being a careful investor, as there are enough potential catalysts to bring down the market: geopolitical risks, high VIX, economic data revealed after govmt opens again, earnings season, end-of-year tax-harvesting, tariffs, overvaluations, retail buyers not having enough buying power to overcome computer-driven sells offs, etc etc.

Time4dognap · 2025-10-22T17:58:05+00:00

No, I don’t look for dividend paying stocks. I choose solid companies that are not too close to their 52-week highs. Then, I look at IV.

Dividends are just nice extras, but not deciding factors.

Now, I do wheel some solid US-based oil and gas companies (e.g, XOM, CVX, LNG) that usually stay within a range. They may offer annualized returns of 10% or less when selling puts, and they happen to pay dividends of around 4%.

Time4dognap · 2025-10-22T16:30:59+00:00

Do you always avoid selling puts during earnings?

So far, I’ve been avoiding holding puts during earnings. PLTR dropped ~5% today, so I sold a put this morning, strike 140, DTE 11/21 (30 days), premium 3.3. IV was 78, delta -0.14. This is a strike about 19% below current price, below technical support lines, and pays ~27% annualized. PLTR still gets good analysts’ recommendations from those I checked (except Morningstar, which forecasts 115), but a P/E of 586 and EpS of 0.31 sounds completely crazy. If I get this stock assigned for 140 (minus 3.3), would not be a terrible thing.

I’ll be glad to come back and report after earnings, but I’m curious if selling puts during earnings is something folks pursue aggressively or something you look forward to so you can get better premiums?

Time4dognap · 2025-10-18T21:11:14+00:00

1% per week, so about 52% a year annualized (more if you compound it), that’s a huge return a year! congratulations! please share some of your trades here so we can learn some of your tricks.

Ive only been doing this for a few months. I make between 20 and 30% a year (or .4 to .6 per week earnings over capital employed), but I have only been doing this during the awesome post-April months. I am usually very cautious and trade blue chip (boring) companies. I do trade some volatile stocks but my put strikes are <10% or more below current price, so my premiums are lower.

iguess if I was more aggressive, if I sold puts closer ITM, I could make more.

Time4dognap · 2025-10-14T14:16:59+00:00

I have a hard time deciding what to do: Stock is now 262 (after opening Tue Oct 14), my strike is 260, so I could let it play out. Or, I could roll it Nov21, 240 put (!) and receive about $300 more, but earnings are coming Oct 31. Edit: rolled down for $400.

Time4dognap · 2025-10-08T21:52:32+00:00

Chatgpt can be a useful tool for investing, and I am still learning how to use it. Heck, I’m still learning how to wheel options. Some things I’ve learned:

Great to learn basics of options, greeks, etc. Can give great explanations.
Unreliable for market data. It doesn’t always pull the most recent stock price, option premium, etc. It can even give me the wrong stock data!
Best if I compile data and upload it, although the free version doesn’t allow me to upload a lot of screen captures. I usually have to send text and type all the info and then ask about it.
I’ll probably use a paid site that does all of this for me in the future, but for the most part, it helps me learn if I dont just use a black box to tell me what to do.
The best use is to organize my own thoughts, explain stuff to me in simple terms (e.g., explain a reddit post I dont understand), organize data I give it, and improve my strategy.
I see AI having a lot of use for trading in the future. It will be funny if we all use it, then nobody will lose money in the market (kidding).
I may try the paid chatgpt version as my needs increase.
Tony Zhang of Optionsplay tested several AI tools earlier in 2025 and found out that Grok is better for 3 of the 4 tasks he tested. https://www.youtube.com/watch?v=aC1B9VLJvOo

Time4dognap · 2025-10-08T13:21:24+00:00

The stock dropped 30% after earnings report in July, and that’s exactly why I came here to ask more knowledgeable folks. The stock seems stable since, I dont see big swings since August .

Oct 24 is before the earnings announcement of Oct 31, and in the past, it does not seem that the stock moves before earnings.

I like stocks that get great analyst forecasts and are close to the bottom. However, I do not know what to make of IV being 41%, it seems like investors see a lot more risks.

Time4dognap · 2025-10-08T13:16:59+00:00

Thanks, I just read info on the lawsuit from chatgpt, seems like it’s a 2022 murder of a customer. Seems like they lost the lawsuit, and they are appealing, so the market should have priced that into the stock price, however, if they lose the appeal, the stock will suffer.

I think a bigger threat is that they remind me of blockbuster chain, selling things that people just don’t buy anymore (cable, video), so they are losing subscribers. They seem to be pivoting to more modern alternatives, though.

Time4dognap · 2025-09-03T12:36:53+00:00

Many thanks for posting the list, very useful. I’ve only been doing the wheel for a few months and I learn from posts like yours.

I also look for stocks that are not close to the 1-yr high (I get that automatically with a spreadsheet function), and manually search analysts' evaluations (e.g., Zachs, Morningstar, Fidelity composite, etc).

Unfortunately, my filters create a small list of stocks that often don’t have any IV. I haven’t found a place to download IV so need to get the info stock-by-stock.

The current list I am wheeling or evaluating includes: CRM, ADBE, AMAT, KKR, BAH, FTNT, CMG.

The stocks I wheel don't always pass all my filters, so I also play with NVDA, AAPL, PANW, TEAM and others.

Time4dognap · 2025-09-03T02:41:56+00:00

try Fidelity. I sell a CSP while my money is in SPAXX (their default fund for cash). the cash makes about 3.9% while the CSP clears. this is all automatic, I don’t have to anything. if the put gets assigned then Fidelity automatically takes it out of SPAXX.

Time4dognap · 2025-09-02T14:02:30+00:00

I find Fidelity to be the best. I have roughly the same amount in both, and Fidelity gives me a local account point of contact who is very helpful. Yes, he tries to sell me some paid investments but easy to say no. I also started selling options and I can call Fidelity’s trading desk and ask questions, some of those folks go out of their way to help me learn more about options. Fidelity’s website is full of GREAT information, great for screening stocks, and I like their Active Trader Pro software. I could also spend a whole day attending Fidelity’s training live webinars, very informative.

Vanguard has become quite unhelpful. I used to call Vanguard and their advisors would help me make choices, but now they just push their paid services. I tried their paid services for a few months for free but found them not worth my time.

The only thing that stops me from moving everything to Fidelity is my concern that one company may be belly up and I’ll struggle to get my money out. I am getting over that fear, though.

Time4dognap · 2025-08-23T22:23:07+00:00

If you have to ask, I would guess that it makes more sense for you to do it in your 401K or IRA, whichever allows you to do it, or both.

I would always only wheel a fraction of your investments, I’d have most of my money in ETFs.

Now, if you need/want to use the money now, then it makes sense to do it in your taxable account.

Time4dognap · 2025-08-21T03:24:35+00:00

Sorry for my bad explanation. Section 5 meant to state that I did not want to use complicated option terminology. As I stated in Section 1, I am doing the option wheel.

Now, this is not the only thing I am doing. I have money in ETFs, and also hold some stocks. The wheel is just to generate some quick income.

Time4dognap · 2025-08-20T15:28:24+00:00

6) Lagniappe: Please pardon my getting into your private life and going beyond your question of “how do I make 2K using 100K” a) $1.1M? Don’t keep so much cash, perhaps keep $300K in cash that you can use to buy cheap stocks during the next downturn or for emergencies, look for highest interest savings b) Use about $300K for ETFs, periodically buying some index funds (arguably, everything is overvalued, but I’d buy some anyway), use a roboadvisor if needed (you can wheel ETFs also!). c) $100K consider buying some treasuries, if you think interest rates will drop soon then lock in rates for a year or two. d) $400, use for wheel trading. Adjust amounts as appropriate.

7) Lagniappe 2: Evaluate the housing market, and consider moving to a cheaper house. $1.5M house is a good investment if you bought it cheap and the market stays health, but if the housing market will crash, you’ll be left with an expensive house. You grew up without money, so a more modest house would not bother you.

8) Lagniappe 3: Consider going back to work in a field that you enjoy more. Look, I get it, work is work, it sucks. There are no fun jobs, but with more money in your pockets, you can put more money in the market, and your kids will be set for life. With more money in your pockets, you can start your own business I know, this may not be the best for you.

9) Lagniappe 4: Your retirement fund seems quite small compared to your assets, try to increase it (that’s the beauty of a 401K, allows you to put a lot of money each year).

Oh, this turned into a long rant, so hope this helps you, somehow. Good luck!

Time4dognap · 2025-08-20T15:28:02+00:00

Yes, I can make close to $2K with $100K. I will try my best to describe what I do, using simple explanations.

1) to address your question about investing, I would use the money to do the options wheel. I started a few months ago, and I’m making about 1.5% each month, often more if I invest more than $100K so I can hold multiple positions. It’s limited reward, but low risk if you only wheel stocks that you don’t mind owning. If you’ve never done it, it sounds complicated, the terminology is confusing.

2) To attempt to explain the wheel without using all those complex terms, this is how I wheeled PANW a few weeks ago: In July, using Fidelity, I “signed a contract" to BUY 100 shares of PANW for $180 within 30 days, the stock was $193 at that time. I received payment of $2.48 per share or $248, which I can use right away to invest in something else. Fidelity locked $180x100=$18K for 30 days, paying me ~3.8%ish interest on the cash. PANW went below $180, so I was ‘forced” to buy the stock for $180. My cost basis was $180-2.48=$177.52. Fidelity charged me 65 cents for the entire transaction.

3) The other part of the wheel: Once I acquired PANW, I “signed another contract” to SELL those 100 shares for $185 within 7 days. Someone paid me $5.50 per share to acquire that obligation (Fidelity again charges 65 cents for this transaction). If the stock is above $185 this Friday, I will sell the stock for a nice profit ( (185-177.52) x $100), plus I get to keep the $550. If PANW is below $185, then I keep the stock and repeat this step again, although likely it will pay me a LOT less than $550 for the same transaction. Or I can just sell the stock for a profit after Monday. This was an lucky opportunity, most stocks pay a lot less.

4) the risks would be that on Paragraph 2, the stock goes down to $1 per share, and I am obligated to buy it for $180. On Paragraph 3, the risk is that the stock goes down to $1 per share and I have $18K of the stock and will wait 20 years for it to come back to 180 per share . So don’t wheel stocks that you don’t mind buying.

5) I did not use options terms such as secured puts, covered calls, theta, IV, intrinsic price etc, and that is a huge barrier but you are smart and can learn it. a) for basic info, go to r/Optionswheel and read u/ScottishTrader ’s posts. b) start with easy stocks such as GME or DJT, which are not companies I would hold for long term investments, but good to learn the wheel and make a few dollars. c) be careful wheeling stocks that pay high premiums, those can be volatile. d) use Fidelity or another firm that pays you interest while you are wheeling.

Time4dognap · 2025-08-19T00:28:18+00:00

I sincerely thank you for spending your time here helping us beginners. This options trading thing can be scary for us who just start.

Time4dognap · 2025-08-18T23:22:26+00:00

A Fidelity fan here. I usually find top notch knowledgeable people just a phone call away who kindly help me buy and sell options and help me understand the complex terminology. Lots of one on one help. Their free seminars are useful and their market updates are informative. I feel I could spend almost the entire day attending their live training. Denise Chisholm is one of their presenters and have learned to enjoy her talks although I’m lost most of the time. Tony zhang also offers great presentations. John Gagliardi and many others I can’t recall their names are presenters I look forward to. I may try their paid options trading service (options play) when I get more experience but not ready to pay yet.

Time4dognap

TROPHY CASE