What Did You Buy Today?

[stockguru]

Bought my 1st option today. Went slow

Bought the $60 May 22 RTX calls for $125 total.

I can see it trading above $62 by May

Anyone its my first one so wish me luck lol

[desidividend]

(05-07-2020, 11:33 AM)stockguru Wrote: Bought my 1st option today. Went slow

Bought the $60 May 22 RTX calls for $125 total.

I can see it trading above $62 by May

Anyone its my first one so wish me luck lol

good luck
i started recently selling covered calls

[vbin]

(05-07-2020, 12:06 PM)desidividend Wrote:

(05-07-2020, 11:33 AM)stockguru Wrote: Bought my 1st option today. Went slow

Bought the $60 May 22 RTX calls for $125 total.

I can see it trading above $62 by May

Anyone its my first one so wish me luck lol

good luck
i started recently selling covered calls

I am selling covered puts. Premium is too much to ignore and if get assigned at 55. I can hold it.

[crimsonghost747]

I've been looking at selling RTX puts too.
Need to look at the report they just released first though, it'll be crucial to see just how bad things are over on the commercial aircraft side.

[fenders53]

(05-07-2020, 11:33 AM)stockguru Wrote: Bought my 1st option today. Went slow

Bought the $60 May 22 RTX calls for $125 total.

I can see it trading above $62 by May

Anyone its my first one so wish me luck lol

Good luck Guru.  Don't listen to the dirty little RTX shorts.     J/K, they aren't short when they sell a put.  They are just OK with technically "losing" the trade because they were paid upfront and desire the shares since thye picked the potential assignment price.    

I can't say it's a trade I would have made right now but you never know what can happen in a week in this market.  RTX just has a lot of headwinds at the moment.  I think reality is finally setting in that anybody that does commercials airline Biz, and especially Boeing is going to get a bite taken out of their earnings for quarters at least.  The defense stocks haven't been too hopping for a few weeks either.  If you ever decide to buy 100 shares of something at once, try selling a covered put until you get assigned.  It's a pretty slow week when I only sell 3-5 covered puts.  Sometimes I get paid five or more times before I am ever assigned shares.  My record must be up around ten times in a row for one stock.  It far exceeds my dividend income over the course of a year.

[fenders53]

(05-07-2020, 05:07 PM)crimsonghost747 Wrote: I've been looking at selling RTX puts too.
Need to look at the report they just released first though, it'll be crucial to see just how bad things are over on the commercial aircraft side.

I just spent about an hour on the quarterly.  I'd definitely appreciate some feedback from you.  If you don't feel like a thread please PM me.  The Q1 financial reports include CARR and OTIS so not all that helpful as this is the first for RTX.  The CC transcript was informative and alarming, and I am not just being my usual bear.  After you review tell me what I got wrong.  Here is what I gleened.....

-FCF will be sufficient to cover the dividend.  There will be no buybacks this year.  Liquidity is fine.  They still plan 18-20B in shareholder return, may have to stretch it out to four yrs instead of the three they announced last summer.  

-Commercial air is roughly 50% of RTX revenue when that sector is functional.  (Pratt Whitney and Collins Aerospace).  They project that biz will be reduced 50% and slowly recover back to 2019 levels within three years.  Collins is shipping NOTHING to BA at this time, which I believe is their largest customer.  They are supporting their supply chain so they stay in business.     

-Defense is doing fine if oil recovers some so S.A. can continue to award contracts.  They seem optimistic.

-It seems likely the next few quarters will be ugly.  Downgrades won't surprise me.  I'm impressed with management.  I am sticking around but I am glad this is not a full position yet.

[divmenow]

(05-08-2020, 06:17 AM)fenders53 Wrote:

(05-07-2020, 05:07 PM)crimsonghost747 Wrote: I've been looking at selling RTX puts too.
Need to look at the report they just released first though, it'll be crucial to see just how bad things are over on the commercial aircraft side.

I just spent about an hour on the quarterly.  I'd definitely appreciate some feedback from you.  If you don't feel like a thread please PM me.  The Q1 financial reports include CARR and OTIS so not all that helpful as this is the first for RTX.  The CC transcript was informative and alarming, and I am not just being my usual bear.  After you review tell me what I got wrong.  Here is what I gleened.....

-FCF will be sufficient to cover the dividend.  There will be no buybacks this year.  Liquidity is fine.  They still plan 18-20B in shareholder return, may have to stretch it out to four yrs instead of the three they announced last summer.  

-Commercial air is roughly 50% of RTX revenue when that sector is functional.  (Pratt Whitney and Collins Aerospace).  They project that biz will be reduced 50% and slowly recover back to 2019 levels within three years.  Collins is shipping NOTHING to BA at this time, which I believe is their largest customer.  They are supporting their supply chain so they stay in business.     

-Defense is doing fine if oil recovers some so S.A. can continue to award contracts.  They seem optimistic.

-It seems likely the next few quarters will be ugly.  Downgrades won't surprise me.  I'm impressed with management.  I am sticking around but I am glad this is not a full position yet.

RTX will go higher. Look at DIS that one has gone up $8 in just a few days on bad earnings and future looks dim over the next year or so.

The market will reward you don't worry lol   

In all serious RTX was bad from the beginning. No one liked the merger. Raytheon is a great company where as UTX is not especially with planes not being made. They will suffer for a while. But with patience this is a $100+ stock in a few years. 

I would much rather be in LMT, LHX or NOC

[fenders53]

(05-08-2020, 08:42 AM)divmenow Wrote:

(05-08-2020, 06:17 AM)fenders53 Wrote:

(05-07-2020, 05:07 PM)crimsonghost747 Wrote: I've been looking at selling RTX puts too.
Need to look at the report they just released first though, it'll be crucial to see just how bad things are over on the commercial aircraft side.

I just spent about an hour on the quarterly.  I'd definitely appreciate some feedback from you.  If you don't feel like a thread please PM me.  The Q1 financial reports include CARR and OTIS so not all that helpful as this is the first for RTX.  The CC transcript was informative and alarming, and I am not just being my usual bear.  After you review tell me what I got wrong.  Here is what I gleened.....

-FCF will be sufficient to cover the dividend.  There will be no buybacks this year.  Liquidity is fine.  They still plan 18-20B in shareholder return, may have to stretch it out to four yrs instead of the three they announced last summer.  

-Commercial air is roughly 50% of RTX revenue when that sector is functional.  (Pratt Whitney and Collins Aerospace).  They project that biz will be reduced 50% and slowly recover back to 2019 levels within three years.  Collins is shipping NOTHING to BA at this time, which I believe is their largest customer.  They are supporting their supply chain so they stay in business.     

-Defense is doing fine if oil recovers some so S.A. can continue to award contracts.  They seem optimistic.

-It seems likely the next few quarters will be ugly.  Downgrades won't surprise me.  I'm impressed with management.  I am sticking around but I am glad this is not a full position yet.

RTX will go higher. Look at DIS that one has gone up $8 in just a few days on bad earnings and future looks dim over the next year or so.

The market will reward you don't worry lol   

In all serious RTX was bad from the beginning. No one liked the merger. Raytheon is a great company where as UTX is not especially with planes not being made. They will suffer for a while. But with patience this is a $100+ stock in a few years. 

I would much rather be in LMT, LHX or NOC

I have plenty of Defense.  The UTX remaining holdings are excellent quality and will contribute, it's just going to be a very long minute or two.  Nothing wrong with what they spun off either, it's just cyclical and slower growth long-term.  Nobody knew the airline industry was going to vaporize like it hasn't in 70 years.  I am not trying to talk anybody out of their RTX position.  Reading reports is a good thing.  Most of the analysts are only good for spewing random and meaningless price targets that will change from month to month.  It's my intent to spend a lot more time doing DD on my true core holdings.  It will entertain me if nothing else.

[divmenow]

(05-08-2020, 08:57 AM)fenders53 Wrote:

(05-08-2020, 08:42 AM)divmenow Wrote:

(05-08-2020, 06:17 AM)fenders53 Wrote:

(05-07-2020, 05:07 PM)crimsonghost747 Wrote: I've been looking at selling RTX puts too.
Need to look at the report they just released first though, it'll be crucial to see just how bad things are over on the commercial aircraft side.

I just spent about an hour on the quarterly.  I'd definitely appreciate some feedback from you.  If you don't feel like a thread please PM me.  The Q1 financial reports include CARR and OTIS so not all that helpful as this is the first for RTX.  The CC transcript was informative and alarming, and I am not just being my usual bear.  After you review tell me what I got wrong.  Here is what I gleened.....

-FCF will be sufficient to cover the dividend.  There will be no buybacks this year.  Liquidity is fine.  They still plan 18-20B in shareholder return, may have to stretch it out to four yrs instead of the three they announced last summer.  

-Commercial air is roughly 50% of RTX revenue when that sector is functional.  (Pratt Whitney and Collins Aerospace).  They project that biz will be reduced 50% and slowly recover back to 2019 levels within three years.  Collins is shipping NOTHING to BA at this time, which I believe is their largest customer.  They are supporting their supply chain so they stay in business.     

-Defense is doing fine if oil recovers some so S.A. can continue to award contracts.  They seem optimistic.

-It seems likely the next few quarters will be ugly.  Downgrades won't surprise me.  I'm impressed with management.  I am sticking around but I am glad this is not a full position yet.

RTX will go higher. Look at DIS that one has gone up $8 in just a few days on bad earnings and future looks dim over the next year or so.

The market will reward you don't worry lol   

In all serious RTX was bad from the beginning. No one liked the merger. Raytheon is a great company where as UTX is not especially with planes not being made. They will suffer for a while. But with patience this is a $100+ stock in a few years. 

I would much rather be in LMT, LHX or NOC

I have plenty of Defense.  The UTX remaining holdings are excellent quality and will contribute, it's just going to be a very long minute or two.  Nothing wrong with what they spun off either, it's just cyclical and slower growth long-term.  Nobody knew the airline industry was going to vaporize like it hasn't in 70 years.  I am not trying to talk anybody out of their RTX position.  Reading reports is a good thing.  Most of the analysts are only good for spewing random and meaningless price targets that will change from month to month.  It's my intent to spend a lot more time doing DD on my true core holdings.  It will entertain me if nothing else.

I love the defense stocks. It’s always been my favorite sector and it’s my most over weighted sector. I was born with a plane in my hand lol. But it’s going to take time for this sector to take off. No pun intended   

CARR announced today they will not be paying a dividend for now!

[divmenow]

ED is looking interesting at these levels. Any takers? I’m looking to add another utility!

[MikeWa]

(05-08-2020, 09:13 AM)divmenow Wrote: ED is looking interesting at these levels. Any takers? I’m looking to add another utility!

Yes. I've been watching ED sliding down. I have a limit order to add below 73.

[fenders53]

(05-08-2020, 09:13 AM)divmenow Wrote: ED is looking interesting at these levels. Any takers? I’m looking to add another utility!

UTEs are as safe as they have been lately.  Most all of them are missing revenue targets and it must be baked in because they  don't drop much if at all on the actual report.  The secure dividends are going to keep them attractive when the market finally takes a breath.