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What Did You Buy Today?
Over the Labor Day weekend we had to replace our stove and dishwasher. Got them from LOW (sorry Fenders). Took the old stove, dishwasher, and about a year's worth of cans collected to the scrap yard to get a total of $30. Used that to buy 1 share of VIAC this morning to add to what we already had. Good to get rid of scrap metal and turn it into a stock.
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(09-08-2020, 10:06 AM)ChadR Wrote: Over the Labor Day weekend we had to replace our stove and dishwasher.  Got them from LOW (sorry Fenders).  Took the old stove, dishwasher, and about a year's worth of cans collected to the scrap yard to get a total of $30.  Used that to buy 1 share of VIAC this morning to add to what we already had.  Good to get rid of scrap metal and turn it into a stock.
I'll try to forgive you Chad LOL.  We always have appliance wars with Lowes on all the major holidays.  My buddy mentioned something about selling about $2.5K per hour and we are a small store.  Other departments are slowing down some so that's good.  I used to love to scrap.  I'm a car guy so it piled up and it used to bring very good money.  It's weird that we are much greener now the recycle market prices are poor.     

Sold some puts today........   V-KHC-KO-USB-DUK-DG.  Most of them short term and out of the money so I may not get the shares unless the market dips more.  This is going to be a record income month in any event.
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Sold a few more puts. CVS-ALE-WY

I've been out of CVS for awhile and shares are starting to look attractive to me.
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Sold another aapl, RTX put. I have been looking at CVS as well.
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Bought some HII in my sons account today. I have had my eye on this one for a while.

And sold some Spt 25th CVS $55 puts
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Anyone looking at WBA? The management seems to be taking a number of steps to steer the business.


Sold a sep 25th XLE put, strike $30.5
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(09-08-2020, 01:21 PM)vbin Wrote: Anyone looking at WBA? The management seems to be taking a number of steps to steer the business.


Sold a sep 25th XLE put, strike $30.5

WBA is on a 5-year price downtrend during a bull market. I'm going to need a catalyst that points to things turning around before I stick any more cash into my position.

Its earnings don't look nearly as bad as its price, so maybe there's some value there, but the market clearly doesn't like the stock.
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(09-08-2020, 01:21 PM)vbin Wrote: Anyone looking at WBA? The management seems to be taking a number of steps to steer the business.


Sold a sep 25th XLE put, strike $30.5
Yes, but only because it is so beaten down.  I have been selling puts for months and have managed to not get exercised yet.  I'm comfortable with the SP down here but that chart is UGLY.  I'd recommend you keep the DTE close in.  The premiums are fat with volatility up.  That allows an easy roll forward if you choose to avoid/delay an assignment.  I have a couple contracts open right now. Monthly income has been fat so worth a bit of my portfolio.
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Everyone ready for the next oil stock beating? Smile I am probably going to get sucked into some RDS around $28 basis. It could be worse I guess. I think I am going to try to get forced into some more oil major shares via put sales soon but I think I will wait for things to settle down and find a bottom, wherever that is. I am thinking oil is headed under $35 again.
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(09-08-2020, 02:05 PM)fenders53 Wrote: Everyone ready for the next oil stock beating? Smile I am probably going to get sucked into some RDS around $28 basis. It could be worse I guess. I think I am going to try to get forced into some more oil major shares via put sales soon but I think I will wait for things to settle down and find a bottom, wherever that is. I am thinking oil is headed under $35 again.
Possible. looks like Soudis offering October prices for way low than expected throughout asia. That suggests the same.
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