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I’m on HD for next week. I’ve been wheeling HD but got left behind.
what price point were you selling CSPs on it? I’ve been considering it, but haven’t analyzed it yet.
Here’s my logs.
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Summary is basically
Time period: 2.5 months
Initial: $29250 (100 shares $292.50)
Collected: $2073
Gain: 7%
HD Gain: 12.8%
=> Like I said, it left me behind really fast after a month and a half. I know I can push the DTE longer to catch up without increasing my cost basis.
This was just an experiment, I don’t mind owning HD.
If HD goes on a downtrend, not sure how this would have performed.
Annualized, it’s an amazing gain (33.6%) but this return obviously is not guaranteed.
Just my thoughts, I’m still formularizing my approach and currently experimenting on writing code to be more mechanical about this.
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