BHP delivers earnings on November 16 so its options are relatively rich with volatility. This is a company that I would be glad to own at its current price and it pays a 10%+ dividend. I am selling puts to take advantage of a potential decline in the options’ volatility component after the earnings release as well as a possible increase in the stock price. I hope to buy back the puts for less than I sold them for in short order. Failing that, I will roll the options to collect additional premium or in a ‘worst’ case get assigned the stock. Beware the potential effect on buying power reduction if assigned the stock.

  • Sold BHP 12/17/21 Put 52.50 @ 1.50
    Filled at: Nov 15, 2021 11:03:09 AM EST
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