What Did You Buy Today?

[fenders53]

(02-19-2021, 03:00 PM)EricL Wrote:

(02-19-2021, 11:37 AM)fenders53 Wrote: UTEs are getting no love with interest rates creeping.  I may nibble but gettiing far so I need to find a different sector to build.

No doubt. I was doing some work updating my watch list last night and hadn't realized they'd dropped so much.

AEP at a 3.75% yield now and WEC at 3.25%.

Might have to spend my first dividend reinvestment on bringing up a utility in size.

I think that would be a good move.  You won't get better yields from some of them unless the entire market pulls back hard.  About half of the top ten (IMO), have pulled back well over 15% off their highs.  I have been scattering 15-25 shares in my UTEs every day or two for several weeks, and stepped it up this week.  I am probably a bit overweight the sector but that is easy to fix.  Grab a dividend and sell a few covered calls to trim if they ever go up.  

NEE just knocked LMT out as my largest Port position.  It's not really cheap enough to hold that position but here I am.    WEC and AEP are now large positions.  XEL not far behind.  EXC and ALE are only 100 share positions.  I think I still have short-puts open in AEP-DUK-NEE-XEL so this could get out of hand.    

Added a few shares of NKE today.  A lot of put sales just expired worthless so I can go shopping next week if we get a sale.  Made a few boring moves I need to put in the conservative options thread.