What Did You Buy Today?

[fenders53]

(03-30-2020, 07:50 PM)stockguru Wrote: Most every stock is in a V shape and has the same chart. They will all correct and the market is about to test near the lows. Just have patience.

Buying a PUT on SPY is a smart idea

One question and its only a small one.. Thoughts on PII

Stock has consistently raised its dividend and is now a its 2011 levels. PE 9 and yield of 5.13%

This is a stock I have always wanted to own

Guru-  PII as in Polaris?  The valuation looks good, the debt a little rough but just about everything else was or will be.  I take it you have a Polaris product?  I've always wanted to add some shares of Yamaha.

Otter- It's not just puts, premiums are crazy on about everything I look at.  I think I mentioned I was getting a 2% return for 24HRs of call premium on boring stocks like DOW or one of my sorry airlines lol.  I do it every Thursday on 4 or 5 positions.  I have no idea why anyone would pay that and lose almost every time.  Why do I even worry about the dividend yield lol.  Lets not try to scare Dividend Garden out of his put.  I do want to talk him out of the 17 day expiration though.  It's an ATM so I'm sure it was pricey.  This market could be optimistic for another week.  It shouldn't but you know how that goes.  My puts are SEP20 and JAN21.  I think 90 days would be the absolute shortest DTE so I can get half of that time in hedging before I get overly concerned about selling it.  Not certain if he understand the SPY does not have to hit the strike to be a good hedge and be sold for a profit?  

Now back to the options threads with us so we can chat the subject up if he likes.