What Did You Buy Today?

[Otter]

(03-26-2021, 09:58 AM)divmenow Wrote:

(03-26-2021, 09:52 AM)I Yo Otter Wrote: Also, kudos to whomever bought the 4/1 $56 strike CAH covered calls I sold a few weeks back. Naturally the stock that has been flat/sideways for the past year decides to go straight up right after I sell some calls.

Need to figure out what to replace CAH with . . .

The stocks that have been consolidating and have done nothing are the ones going up now. Even T is moving now   Maybe the drug stocks are next to run.

The premiums on T were so low, it wasn't even worth selling covered calls. Adding to my T position substantially under $30 worked out quite well (for now). Looking forward to that next dividend.   

I just know if I sell calls on my BMY, MRK, PFE, etc., that they will run 10% in the next week. So, have just been sitting on them. CAH has never been one of my favorite DGI stocks (low margins and small annual dividend increases for much of the past decade), so I'm not too bummed by finding something else to replace it with.

[kblake]

Added to T. I would much rather be in that name then some over valued stock trading at 100+ PE. I now have 500 shares and I'm find collecting that dividend while waiting on some names I really like to correct.

You can laugh but T with HBO Max is very undervalued here and the stock finally has legs lol. I can see $35 soon

HD has gone straight up and I ended up selling it at $301. I have been in that name since 1994. It was 3rd longest hold, bit valuations are becoming a bit much now so will use those proceeds and add some LLY, APD and MO

[Otter]

(03-26-2021, 10:38 AM)kblake Wrote: Added to T. I would much rather be in that name then some over valued stock trading at 100+ PE. I now have 500 shares and I'm find collecting that dividend while waiting on some names I really like to correct.

You can laugh but T with HBO Max is very undervalued here and the stock finally has legs lol. I can see $35 soon

HD has gone straight up and I ended up selling it at $301. I have been in that name since 1994. It was 3rd longest hold, bit valuations are becoming a bit much now so will use those proceeds and add some LLY, APD and MO

I'm hopeful that the anemic revenue projections for T given during the last earnings call (+1% over the next five years) were sandbagging. If that scenario plays out, the TimeWarner acquisition will be almost as bad a bust as DirecTV. HBO Max needs to be an earnings growth engine that helps T reduce its debt (much of which was created by the acquisition). 

I like the recent trend, but am keeping a close eye on it. T now has the content library and new content production capabilities to be one of the top players in the streaming space. If that engine isn't humming within three years, I will have lost all faith in management. So far I like what I see, and their direct-to-streaming movie releases appear to be driving meaningful subscriber growth.

They have room to improve when it comes to the user interface for HBO Max. In my opinion, it is not as good at displaying/suggesting titles to watch as Netflix or Prime. Improvements there could probably help make their user base sticky (retained business month-to-month). 

T also needs to accelerate the process of dropping U-Verse, DirecTV, AT&T TV, AT&T TV Now, and just focus on driving everything through HBO Max. That should be their platform for delivering content, where all the focus goes.

[fenders53]

(03-26-2021, 10:17 AM)Otter Wrote:

(03-26-2021, 09:58 AM)divmenow Wrote:

(03-26-2021, 09:52 AM)I Yo Otter Wrote: Also, kudos to whomever bought the 4/1 $56 strike CAH covered calls I sold a few weeks back. Naturally the stock that has been flat/sideways for the past year decides to go straight up right after I sell some calls.

Need to figure out what to replace CAH with . . .

The stocks that have been consolidating and have done nothing are the ones going up now. Even T is moving now   Maybe the drug stocks are next to run.

The premiums on T were so low, it wasn't even worth selling covered calls. Adding to my T position substantially under $30 worked out quite well (for now). Looking forward to that next dividend.   

I just know if I sell calls on my BMY, MRK, PFE, etc., that they will run 10% in the next week. So, have just been sitting on them. CAH has never been one of my favorite DGI stocks (low margins and small annual dividend increases for much of the past decade), so I'm not too bummed by finding something else to replace it with.

I hate it when that happens.  I try hard to just sell them one at a time to see if I trigger a rally lol.  I have been selling calls on PFE and MRK but I am being careful and keep some shares uncovered.  Maybe I would consider BMY soon but not quite yet.

[fenders53]

(03-26-2021, 10:38 AM)kblake Wrote: Added to T. I would much rather be in that name then some over valued stock trading at 100+ PE. I now have 500 shares and I'm find collecting that dividend while waiting on some names I really like to correct.

You can laugh but T with HBO Max is very undervalued here and the stock finally has legs lol. I can see $35 soon

HD has gone straight up and I ended up selling it at $301. I have been in that name since 1994. It was 3rd longest hold, bit valuations are becoming a bit much now so will use those proceeds and add some LLY, APD and MO

T might run some soon.  May not have anything to do with fundamentals though.  The market will get desperate for something to run up.  I should go sell T covered calls while I can but premium usually not worth the bother unless VIX is rocking.

Changed it up a little and sold some puts in mostly new names. SQ-MGA-AAPL-HRL

[Otter]

(03-26-2021, 11:35 AM)fenders53 Wrote:

(03-26-2021, 10:17 AM)Otter Wrote:

(03-26-2021, 09:58 AM)divmenow Wrote:

(03-26-2021, 09:52 AM)I Yo Otter Wrote: Also, kudos to whomever bought the 4/1 $56 strike CAH covered calls I sold a few weeks back. Naturally the stock that has been flat/sideways for the past year decides to go straight up right after I sell some calls.

Need to figure out what to replace CAH with . . .

The stocks that have been consolidating and have done nothing are the ones going up now. Even T is moving now   Maybe the drug stocks are next to run.

The premiums on T were so low, it wasn't even worth selling covered calls. Adding to my T position substantially under $30 worked out quite well (for now). Looking forward to that next dividend.   

I just know if I sell calls on my BMY, MRK, PFE, etc., that they will run 10% in the next week. So, have just been sitting on them. CAH has never been one of my favorite DGI stocks (low margins and small annual dividend increases for much of the past decade), so I'm not too bummed by finding something else to replace it with.

I hate it when that happens.  I try hard to just sell them one at a time to see if I trigger a rally lol.  I have been selling calls on PFE and MRK but I am being careful and keep some shares uncovered.  Maybe I would consider BMY soon but not quite yet.

I've found that the easiest covered calls to sell are on a newly acquired position, where I don't have any sort of attachment to the holding (I shouldn't have any, but such is life). Instant gain with the premium, no major regrets if it gets called away in a few weeks, and if it stays flat or drops, I think about that premium again and feel positive.

[fenders53]

(03-26-2021, 01:16 PM)Otter Wrote:

(03-26-2021, 11:35 AM)fenders53 Wrote:

(03-26-2021, 10:17 AM)Otter Wrote:

(03-26-2021, 09:58 AM)divmenow Wrote:

(03-26-2021, 09:52 AM)I Yo Otter Wrote: Also, kudos to whomever bought the 4/1 $56 strike CAH covered calls I sold a few weeks back. Naturally the stock that has been flat/sideways for the past year decides to go straight up right after I sell some calls.

Need to figure out what to replace CAH with . . .

The stocks that have been consolidating and have done nothing are the ones going up now. Even T is moving now   Maybe the drug stocks are next to run.

The premiums on T were so low, it wasn't even worth selling covered calls. Adding to my T position substantially under $30 worked out quite well (for now). Looking forward to that next dividend.   

I just know if I sell calls on my BMY, MRK, PFE, etc., that they will run 10% in the next week. So, have just been sitting on them. CAH has never been one of my favorite DGI stocks (low margins and small annual dividend increases for much of the past decade), so I'm not too bummed by finding something else to replace it with.

I hate it when that happens.  I try hard to just sell them one at a time to see if I trigger a rally lol.  I have been selling calls on PFE and MRK but I am being careful and keep some shares uncovered.  Maybe I would consider BMY soon but not quite yet.

I've found that the easiest covered calls to sell are on a newly acquired position, where I don't have any sort of attachment to the holding (I shouldn't have any, but such is life). Instant gain with the premium, no major regrets if it gets called away in a few weeks, and if it stays flat or drops, I think about that premium again and feel positive.

I absolutely agree.  If it's an intended income play you take the money and run in a month.  It's a punch in the gut when you hold something a year or more, get impatient then accept a 6% or whatever gain when it would have been 26% for holding it just another month or two.  

I have been losing at least part of my positions in one name per month the past 3 months.  MO-WY-IP-MET and that Starlight Starbright REIT thingie I bought with you lol.  (thanks BTW)  I waited long enough on most of them and staggered call sells so it was a good gain and at least I didn't dump all the shares way cheap.  I can live with it.  Not doing it means I ride cyclicals back down so it works out over the years.

I consider both of us rational investors but the emotions reminds me it has some influence.  I am not a robot, and I will always critique myself.  I tell myself I need a few stupid trades now and then to keep the rest at a higher level.   

On a side note the worst feeling I get is when a dividend gets sniped because I am trapped in a call with no additional extrinsic value for a roll forward.  Just gotta eat those, and the stocks keeps flying while you are accepting you have to just give up and free the capital.

[vbin]

Sold puts on PLTR. Closed a put on abnb and a call on bp.

[fenders53]

(03-26-2021, 01:46 PM)vbin Wrote: Sold puts on PLTR. Closed a put on abnb and a call on bp.

Still watching PLTR.  As soon as I see any sign of a bottom I am joining you.  Stock death spirals suck, even when you know it will end in the next few months.

[vbin]

Sold T puts expiring april 30th

[Otter]

(03-26-2021, 02:10 PM)fenders53 Wrote:

(03-26-2021, 01:46 PM)vbin Wrote: Sold puts on PLTR. Closed a put on abnb and a call on bp.

Still watching PLTR.  As soon as I see any sign of a bottom I am joining you.  Stock death spirals suck, even when you know it will end in the next few months.

I've just been adding shares on the way down, mostly under $25. Like T, I'm willing to give it the next three years for my investment thesis to play out. I think PLTR will be able to maintain stellar growth figures over the next several years. Also, I've seen it pop to the upside 20% in a day, so timing a bottom could be tricky if there is a sudden reverse.

[stockguru]

(03-26-2021, 02:42 PM)Otter Wrote:

(03-26-2021, 02:10 PM)fenders53 Wrote:

(03-26-2021, 01:46 PM)vbin Wrote: Sold puts on PLTR. Closed a put on abnb and a call on bp.

Still watching PLTR.  As soon as I see any sign of a bottom I am joining you.  Stock death spirals suck, even when you know it will end in the next few months.

I've just been adding shares on the way down, mostly under $25. Like T, I'm willing to give it the next three years for my investment thesis to play out. I think PLTR will be able to maintain stellar growth figures over the next several years. Also, I've seen it pop to the upside 20% in a day, so timing a bottom could be tricky if there is a sudden reverse.

I agree on PLTR. I bought some today at $21.70. I'm not worried if it falls to $20. It can easily go right back to $28-30. I cant time the bottom so I'm not worried about pennies when I can make dollars. Fenders if you want to own it, then own it. Buy it here. Monday it will be back to $23