It's still in a long-term uptrend and climbing out of deep, about 30%, pullback. I am looking for a reversion to the mean trade targeting $145 area. For Wheel / Covered calls lovers, it offers about 3% ATM. Among its holdings are REGN and AMGN that I still hold (purchased not long ago) and ILMN. I sold ILMN, both shares and calendars and am looking to re-enter if it pulls back toward $85.

I am posting it in MPI category, but it might be a long-term hold as well. 1. MPI: ARE pays $1.32 in divi with ex-date 6/30. It reports 7/21. ARE is trading around 71.5 and one month out (07/18) slightly ITM $70 calls go for about 1.5-1.6. Since call premium (as of today) is higher than the divi, it is unlikely to be assigned, IF (big if) stock does not drop before 6/30. I am fine to be assigned and keep the premium as well as get the divi and hold over ER. 2. Why I consider holding. There are obvious reasons why this REIT fell from $200+ to below $70. However, considering that the worst is likely behind, debt is manageable, and Price / Book Value becomes attractive, I am willing to take the risk and hold it for some time collecting 7.4% divi + covered call premiums.

We've heard that the day trading charts are not up to the minute and therefore increase risk by being delayed. Does anyone have input on this?

I meant to post long ago and am finally doing prompted by Eric's post "Fully recovered". Cutting to the chase: it takes only 3.5-4% to bullet-proof a covered call program. Do not take my word for that, check the numbers yourself. Here is how it is done. Hedge your account with 2 years out SPY puts 50 delta. Calculate the number of contracts as SPY beta weighted. I hedge 50% with 50 delta, so the cost is about 8-10% but time decay on the puts is slow and you roll out a year in, so they lose about 1/3 assuming VIX at selling is the same as VIX at buying. The reason I do 50% is that when market drops like it did in the first half of this year, VIX goes up and puts go in the money, so from a certain point you are virtually 100% hedged.

I collected $1,010 premium this morning 3/11/24 by selling put on LULU with 3/22/24 expiration. Why: 1). @Eric Seto had posted that indicating he Forecast earning will be positive (earning call is around the corner 3/26/24) 2). $425 is below 11/27/23, support level of $427.73. Market is at $459ish. WOW already achieved the goal. Thanks Eric!