Friday, April 26, 2019 5:58:59 PM
"just trade this puppy all year long"
Good idea.
In fact I did that 2-to-3 years ago (when BHC was called VRX). Did Buy-Writes: buy shares, sell the Calls -- a Covered-Call (CC) trade. Wash, rinse, repeat.
Since sectors XBI (Biotech) and XPH (Healthcare) have both sold off since September of last year, then only came partway back, then most recently reversed downward earlier this month and bottomed again, I decided it was time for me to trade these things again (through BCH) using CCs.
So this morning I filled my little red wagon with BHC shares at $23.77-ish and sold May 3'19 $24 Calls for $0.40. Next week I could trade that strike a couple times to enhance the income from those options. If assigned -- repeat the process during the next week of buying shares then selling Calls. If not assigned, pick a time then sell more Calls that expire during the same week.
Recently TEVA is in the news a lot. You may have seen news articles about TEVA and relating it to VRX (now BHC) -- because they both had the same merger/spending/debt/refinance/revival problems and fixes. I bring this up because I'm only trading two symbols now, and my largest investment (in terms of shares, not dollars) is in TEVA.
Diversification? That's a good way to average-down your income.
Good idea.
In fact I did that 2-to-3 years ago (when BHC was called VRX). Did Buy-Writes: buy shares, sell the Calls -- a Covered-Call (CC) trade. Wash, rinse, repeat.
Since sectors XBI (Biotech) and XPH (Healthcare) have both sold off since September of last year, then only came partway back, then most recently reversed downward earlier this month and bottomed again, I decided it was time for me to trade these things again (through BCH) using CCs.
So this morning I filled my little red wagon with BHC shares at $23.77-ish and sold May 3'19 $24 Calls for $0.40. Next week I could trade that strike a couple times to enhance the income from those options. If assigned -- repeat the process during the next week of buying shares then selling Calls. If not assigned, pick a time then sell more Calls that expire during the same week.
Recently TEVA is in the news a lot. You may have seen news articles about TEVA and relating it to VRX (now BHC) -- because they both had the same merger/spending/debt/refinance/revival problems and fixes. I bring this up because I'm only trading two symbols now, and my largest investment (in terms of shares, not dollars) is in TEVA.
Diversification? That's a good way to average-down your income.
Recent BHC News
- Bausch Health's Aesthetic Business, Solta Medical, Earns Prestigious Trademark Certification of Thermage® in China • PR Newswire (US) • 05/28/2026 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/26/2026 11:05:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/26/2026 11:02:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/26/2026 11:00:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/26/2026 10:57:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/26/2026 10:30:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/26/2026 10:25:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/26/2026 10:19:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/26/2026 10:14:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/26/2026 10:10:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2026 09:41:33 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2026 09:16:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/19/2026 08:18:10 PM
- Bausch Health Announces 2026 Annual Meeting of Shareholder Results • PR Newswire (US) • 05/19/2026 08:15:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/19/2026 01:42:39 PM
- Bausch Health to Participate in RBC Capital Markets 2026 Global Healthcare Conference • PR Newswire (Canada) • 05/13/2026 11:00:00 AM
- Bausch Health to Participate in RBC Capital Markets 2026 Global Healthcare Conference • PR Newswire (US) • 05/13/2026 11:00:00 AM
- Bausch Health to Participate in Barclays 30th Annual Leveraged Finance Conference • PR Newswire (Canada) • 05/12/2026 08:15:00 PM
- Bausch Health to Participate in Barclays 30th Annual Leveraged Finance Conference • PR Newswire (US) • 05/12/2026 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 04/29/2026 08:10:14 PM
- BAUSCH HEALTH ANNOUNCES FIRST QUARTER 2026 RESULTS • PR Newswire (Canada) • 04/29/2026 08:05:00 PM
- BAUSCH HEALTH ANNOUNCES FIRST QUARTER 2026 RESULTS • PR Newswire (US) • 04/29/2026 08:05:00 PM
- Bausch Health's Dermatology Business, Ortho Dermatologics, Announces the Launch of Biafine®, an Iconic French Skincare Product, Through Convenient Online Ordering • PR Newswire (US) • 04/14/2026 12:00:00 PM
- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 04/08/2026 08:07:14 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 04/08/2026 08:06:22 PM
