What Did You Buy Today?

[fenders53]

(12-18-2020, 09:46 AM)Otter Wrote:

(12-17-2020, 07:12 PM)fenders53 Wrote:

(12-17-2020, 02:35 PM)Otter Wrote: Also took a portion of funds I set aside for ABNB purchases in an IRA and bought STWD to pick up the upcoming dividend, then sold covered calls (1/15/21 $20 strike) against the position.

STWD has a great div and a good chart.  Are you pretty familiar with it?

Sold a new put in RTX and rolled some covered calls forward.  That's getting to be an every Friday thing with the market running for months.

I have owned STWD off and on for many years, trading in and out. Sternlicht is about as competent a CEO as could be hoped for in that space. I have read enough of their investor presentations to understand that I don't fully understand the business model (it is an octopus), but the company has been very good at maintaining the high payout for a very long time.

This was just an easy trade in the IRA to grab some dividend income, and if the shares trade over $20 in mid-January when my covered calls come due, I'm fine with the position being called away.

Grabbing income is my game.  I jumped in but only 100 shares so I could sell the call.  I've never got killed following you in a trade but I usually need a secret decoder ring to properly analyze the position.