(11-05-2019, 05:40 PM)fenders53 Wrote:(09-03-2019, 04:53 PM)Otter Wrote:(08-23-2019, 11:12 PM)fenders53 Wrote: AAPL
HD
NEE
UPS
RQI
With the above picks yielding over $30 in nine months, it's pretty clear I'm a stock market jeanyus. Let me tell you how it actually went down in my real live port.
AAPL and HD, I averaged down both of them to 100 share positions months before the contest started. Both positions took a real beating, and when they recovered $20 I happily sold covered calls. Then I chased them rolling the calls forward every month or so. Gave up and got exercised last month. No crying allowed, the profit was very good but I definitely left $15/share on the table. Selling options has served me well. It fails when a stock does a moon shot.
NEE- That worked out. I started a core position at 175. Only 30 shares. Now I wait for a chance to buy more.
UPS- Still don't own it. Sucking my thumb was expensive. I sure had chances sub $100. Sold a couple puts that expired worthless. Small win.
RQI- This was a very good one. It's an 8%+ yielder favorite on S.A. for years. It's ran up steady to the point that I don't see why anyone would buy it for the now 6% yield and high valuation. I finally sold it a couple weeks ago near the top. It's struggled since. Well run CEF. I'll be back when it corrects hard with the market at some point.
Does everyone else own the stocks they picked for the contest?
I own BTI (2.16% of income stream), F (1.77%), IBM (1.14%), and NGG (0.52%). Had a position in JCI, which was my other pick, but sold it a few months back as the valuation seemed really stretched, yield is low, and they are no longer in DGI mode (now 8 consecutive quarters without a raise).
Edited to add - NGG is very much a wildcard at this point, from Brexit and U.K. election uncertainty. If Corbyn gets a majority there in the next election, the stock could tank, as he threatened to nationalize it a few months back. If a hard Brexit happens, the stock could also take a big hit. A minority Labour/LibDem/SNP government with a confidence & supply agreement, and second referendum that rejects Brexit would probably cause the stock to soar. There are all sorts of scenarios between these that could also cause volatility. Utilities are supposed to be boring. NGG is apparently the British version of PCG.