re: Anyone else sitting in cash waiting for the drop?

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I’m selling cash secured puts. Looking at INTC. I know it is loathed widely. Sometimes that can be a good time to buy.

MO is paying a big dividend. It is not loved either

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It’s a sound strategy for free cash in an account. The cash continues to draw whatever interest the brokerage is paying and you generate premium income off the option selling. I’ve gotten a roughly 15% return boost off my IRA just with cash secured puts and covered calls this year. And that’s not an account that I focus on for option strategies.

I’m also in MO as a div play. You’re going for INTC and I’ve gone for IBM. Haven’t managed to get the first share, but I’ve sold puts against it all year and have more than equaled the div. If/when it hits, I won’t mind at all.