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RE: TIB: Today I Bought (and Sold) - An Investors Journal #240 - China, US Consumer Staples, Banks, Oil, Italy, Steel, Ethereum
I looking at shorting the Staples until we are in the Recession, so I like your 2020 option trade as I anticipate the Markets starting go do down sometime next year.
I will be watching this closely. I am in two minds as to whether using options was right. Receiving the dividend might have lessened any pain.
I don't think the dividend matters if the price keeps fallen. Pending your strike price, I would consider turning the trade into a calendar spread and/or selling some options to supplement the dividends. What are your thoughts?