What I Am Buying Today.

[fenders53]

(11-29-2021, 11:38 AM)stockguru Wrote:

(11-29-2021, 11:23 AM)fenders53 Wrote:

(11-29-2021, 10:33 AM)divmenow Wrote: I hope everyone had a nice Thanksgiving

Friday I got out of my TDOC trade. In at $101 and out at $118.50. Will look to reenter below $100

Added COF and new position in AEM this morning

I got a big buying list made out. Waiting for all that tax loss selling to dry up first lol

Same.  I have a list but the market doesn't look healthy at all. Maybe 20 stocks trying to hold all the major indexes up.  When I buy a stock that is unloved I am going in expecting a chance to average down 10%.  IMO traders are just buying something with positive RSI and hoping, no matter the valuation.

VSTO playing puts and hope I can get executed at $41. I know you love this name 

It's been very good to me for 15 months now.  If there is an/investment/trade I can brag about it would be VSTO.  Shares have doubled and I lost count how many times I traded puts on it.  I am probably around 40-0 and the premiums are good as the stock is just volatile enough.  What saved me is I resisted the urge to sell covered calls for a year.  I have calls sold on all my shares now but they are at 50-55 DEC-JAN.  They'll stop crushing earnings eventually but the fundamentals are crazy good even if growth is cut in half.  IMO their analysts are playing dumb so they can beat and raise guidance every quarter.  If it wasn't anti ESG the stock would be 60-80 six months ago.  They have the money to diversify away from bullets and gun accessories, and they seem to be doing that lately.       

I doubt I will add unless the market pulls back but 41 isn't a bad entry since you will be sub 40 after your premium.  Go slow on the contracts.  Never know, we might get a chance to sell strike 35s again.