What Did You Buy Today?

[fenders53]

You knew the dividend suspensions were coming. DRI and F that I know of. Many more coming. I try to follow my rules so F is gone. More than one way to skin a cat. I'll sell a put and get my F dividend back today. Probably a one day option on MO so I can collect the premium and get forced in so I can also lock in on the MO x-div date next Wednesday.

[divmenow]

Wow big bounce up days for stocks like SPG, DRI, SPG, FDX, OHI, WEN, and lots of otters. Tech as well

But defense stocks like LMT and NOC suffering today.,

[fenders53]

The day is young lol.

[DividendGarden]

added to RDS.b at $21/share. Crazy that it was just at $60.

[DividendGarden]

And an order for AMNF just went through at $2.30

[fenders53]

For now I have to stay out of my "real crash" cash I have set aside for Armageddon. I can't really buy many more shares. I know this is a DGI forum so if my conservative option income game posts bug you please speak up and I'll stop. I'm concerned I am going to lose some of my dividends so I am playing some cash generating tricks with a part of positions.

Just sold 100 shares of PFE for 31.65. Immediately sold a put so I am now committed to buying back the 100 shares for 31.50 until tomorrow. Received $97 cash now for assuming the risk of buying back the shares I didn't intend to sell anyway. In my mind that's a 3% dividend for one day. If PFE goes to the moon by tomorrow I lose. High volatility is the only reason this works.

[stockguru]

(03-19-2020, 09:44 AM)fenders53 Wrote: For now I have to stay out of my "real crash" cash I have set aside for Armageddon.  I can't really buy many more shares.  I know this is a DGI forum so if my conservative option income game posts bug you please speak up and I'll stop.  I'm concerned I am going to lose some of my dividends so I am playing some cash generating tricks with a part of positions.  

Just sold 100 shares  of PFE for 31.65.  Immediately sold a put so I am now committed to buying back the 100 shares for 31.50 until tomorrow.  Received $97 cash now for assuming the risk of buying back the shares I didn't intend to sell anyway.  In my mind that's a 3% dividend for one day.  If PFE goes to the moon by tomorrow I lose.  High volatility is the only reason this works.

Your basically day trading.... But in these times. Every $10 counts lol. I know nothing about options. I just strickly buy, hold, or sell. 

PFE anything in the $30-31 range is a buy and hold. I'm, not worried about making pennies when i can make 100's in a few years 

Times like this you can only sit tight and not look. Add to the good ones and sell the bad ones and add to better buys. lol. I sold all my oil because I didn't have the patience to wait 10 years to get my money back or sit through dividend cuts. lol 

I can party today. At least my WEN, MCD and CBRL all all up. For now that is lol. But still down 50% haha

Bought some NOC at $291 this morning. Just 7 shares to start

[ChadR]

Added to T this morning.

[fenders53]

(03-19-2020, 10:18 AM)stockguru Wrote:

(03-19-2020, 09:44 AM)fenders53 Wrote: For now I have to stay out of my "real crash" cash I have set aside for Armageddon.  I can't really buy many more shares.  I know this is a DGI forum so if my conservative option income game posts bug you please speak up and I'll stop.  I'm concerned I am going to lose some of my dividends so I am playing some cash generating tricks with a part of positions.  

Just sold 100 shares  of PFE for 31.65.  Immediately sold a put so I am now committed to buying back the 100 shares for 31.50 until tomorrow.  Received $97 cash now for assuming the risk of buying back the shares I didn't intend to sell anyway.  In my mind that's a 3% dividend for one day.  If PFE goes to the moon by tomorrow I lose.  High volatility is the only reason this works.

Your basically day trading.... But in these times. Every $10 counts lol. I know nothing about options. I just strickly buy, hold, or sell. 

PFE anything in the $30-31 range is a buy and hold. I'm, not worried about making pennies when i can make 100's in a few years 

Times like this you can only sit tight and not look. Add to the good ones and sell the bad ones and add to better buys. lol. I sold all my oil because I didn't have the patience to wait 10 years to get my money back or sit through dividend cuts. lol 

I can party today. At least my WEN, MCD and CBRL all all up. For now that is lol. But still down 50% haha

Bought some NOC at $291 this morning. Just 7 shares to start

I know you are right.  I own 500 shares of PFE so if I can turn a $100 on 100 shares in a day when the stock id down anyway I am going to do it lol.  I do this before work when I can.  If I can turn a quick $500 while I am drinking coffee before work I do it. I'm just selling one day insurance to people that are a lot more worried than I am.  This doesn't work nearly this well on conservative stocks unless the volatility is stupid high like now.  My option premiums crush my dividend income without taking any real risk.

[stockguru]

Bought JNJ at $126.40

[Binary]

Added to O and WPC

[vbin]

I think rally coming to short cap. Big caps will take a hit or will be shorted on a next down day. Other than GD all my purchases are green from yesterday, good for a change.


@EricL I think you should have stayed in oxy as well. Saudis and Russians can't survive $25 oil either.