What I Am Buying Today.

[fenders53]

(12-15-2021, 04:51 PM)stockguru Wrote:

(12-15-2021, 04:46 PM)fenders53 Wrote: I sold an XOM put at strike 60.  I have room for about another $10K in oil.  This seems like easy money in under 6 months but we shall see. I threw down some limit orders and SPWR hit for 100 shares.   If no infrastructure bill pass I have little or no upside in solar. It's my SPEC sector.

Solar stocks may be in for a rude awakening in 2022. 

While California has historically passed friendly solar policies, the latest proposal from the California Public Utilities Commission would be "heavily damaging to near-term rooftop solar growth and margins," according to Morgan Stanley analyst Stephen Byrd.

The commission may charge people with rooftop solar panels a monthly grid-connection fee that could come to $40 for an average home and reduce the amount of money that utilities pay solar users for the power they send back to the grid. The rules are not yet final, but they pose a genuine threat to the growth of solar in California, which has more panels than any other state.

I saw that yesterday.  It's counter to their solar push if they actually do it.  I would give back most of my 2020-21 profits if they pass that.