02-19-2021, 07:58 PM
(02-19-2021, 02:31 PM)vbin Wrote: What UTEs you adding fenders?I have been scattering the buys around. Only like 10 shares but there have been a LOT of them, so real money. You can make an argument most of them aren't dirt cheap yet but many are good enough. Here is my thesis on the ones I track. I'll summon Eric for his two cents. I would trust him to invest my UTE positions for me lol. I got a few of these ideas from him years ago.
Sold $28 T put 03/19 for $29. I have a bunch of T puts expiring today, will be reopening those next week.
WEC- looks good here. They are serious about green. Good dividend grower and perpetually too expensive. The market usually gives it love when UTEs are in favor at all. I have traded it in small quantities for years. Always too expensive for a real position. I now have 100 shares and a put sold.
AEP-Very solid when the industrial economy wakes up. Getting green. Downside is Ohio politicians are crooked as a dog's hind leg (like Illinois, and NJ). They have skirted the trouble so far but it seems like a legitimate concern. They know eyes are on them now. I have a full position I'd likely trim a bit when it runs. Cramer brings their charismatic CEO on his show, and Cramer hypes the hell out of AEP when things are good and it helps. If you believe in the US economy AEP is part of the recovery.
NEE-The poster child green UTE. Probably worth $70 but I doubt it happens. It flies like a tech (not quite) when things are good.
XEL-I am VERY biased. I am 10X on this stock going back pre-merger. Not going to make me rich from here but you ever have a company you just trust? XEL is one of them for me. My first 100 shares are paid back just in dividends every few years now. The DGI success story and I only have a few personal examples that patience pays off big. Well run and cautious enough since a previous CEO about busted them 25 years ago. They are a great example of gradual and successful green transition the past decades. They don't give me the impression they are delusional fossil is going away fast in the Northland where they have significant amount of customers.
XEC- Trying to lose this one since I bought it pandemic low and it's been a good ride. I've been trying to dump it with covered calls but it won't go away lol. The monthly income has been good. Great on a future dip but I wouldn't add here because nuke is the devil to ignorant politicians. No chance it runs high IMO.
ALE-A Minnesota UTE I have owned off and on for decades. They are also going green gradually. It's pretty volatile for reasons I don't fully understand. I've made a hobby out of trading the impossible to trade options. Sometimes I seriously have sold the very few open contracts and it doesn't change for weeks lol. I own 100 shares, the stock has went nowhere lately and I made over $700 this month. At least $100 monthly for some time now. It's a buy in the very low $60s. It's been easy to flip long shares for a few points but I mostly just keep my shares for the good dividend if you catch a dip.
DUK- I sell a put whenever it dips. Maybe 8 times a year and never been exercised even once. Everybody loves them but they need to get a little greener soon IMO. I'm not sure I have ever owned more than 25 shares long, but I sell puts EVERY very time it gets at the bottom of it's range. DUK is not a deal above the high 80's IMO. You won't lose much money though.