Part 4/10:
Lee Lel advocates for focusing on stocks you want to own and have researched thoroughly. He warns against blindly chasing stocks based on hearsay or tips from friends. Instead, he suggests selecting reputable, quality stocks with a bullish or stable trend and strong fundamentals.
He walks through several example stocks:
AT&T: Trading around $27.42, where a trader could sell a $21 strike put to collect premiums and potentially buy shares at a discount.
Bristol-Myers: Trading about $46.85, allowing the sale of puts at levels like $35, where premiums can be attractive, and the stock’s long-term support level is considered.