What Did You Buy Today?

[fenders53]

Only one good trade today. I sold my Cracker Barrel last week for $101.50 on the Div cut announcement. I definitely planned to hold it long-term but my Div dreams were crushed for now. A week later it's trading at $70. That's about where I intended to start nibbling back but haven't yet. So I just sold a put and I am now committed to buy 100 shares of CBRL at $60 for 15 days. I was paid $270 for the risk, which is more than an entire years dividends I wasn't going to get. I like this trade a lot. I definitely expect CBRL to dip below $70 if the market gets rough again. I'll do this again if it drops significantly. I actually hope that happens because CBRL isn't going away. I want the shares long-term so this is about as good as it gets. Volatility makes these premiums possible. It's not normally anywhere near this good.