What are your favorite blue chips that have a comparatively low cost to many others (maybe $30-60)? The reason I’m asking is because I want to start practicing some options strategies such as selling covered calls, cash secured puts, and trading the wheel, but I’m a student and therefore not working with a lot of capital (~$16k cash account currently) and don’t yet feel comfortable using margin.
One of the stocks I see fit to practice such strategies on is KO due to its cost and stable performance, but would appreciate more insight from more experienced traders.
Although the main objective of this post is to find more lower cost blue chips that more experienced traders feel comfortable holding themselves, I welcome any general advice or discussion regarding the options strategies I’ve mentioned.
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