What Did You Buy Today?

[fenders53]

Interesting note, at least I think so. Everybody knows I am UTE guy since forever. I stick to regulated utilities that I know. Last fall I got lured into a well hyped independent power provider due to articles and comments from fans on S.A. The put sale premiums were sweet so I sold puts for three months or so. Nothing huge but $150/month income. They are well diversified among energy types and multiple states so why not? Stock started to run the past month and I wished I had bought some long shares too. I knew they had some exposure in TX so I let options expire and didn't renew when they expired last Friday. What I didn't know is they project they are on the hook for 1-1.3B, an entire years revenue, due to Texas fiasco. Not profit but revenue. They haven't cleared a billion profit in their entire history to my knowledge. Stock dropped 30%+ since yesterday and I am amazed it isn't worse. new loans and Div cut coming no doubt. Vistro Evergy VST by the way. Back to regulated UTEs for me. I wouldn't have gotten killed, but all gains would have vaporized in one day.