What Did You Buy Today?

[fenders53]

(05-15-2020, 12:55 PM)Binary Wrote:

(05-15-2020, 11:34 AM)fenders53 Wrote:

(05-15-2020, 10:59 AM)Binary Wrote:

(05-15-2020, 10:37 AM)fenders53 Wrote: Almost nothing on my buy list is reflecting economic reality, but a few stocks are getting close.  I have a few REIT puts I sold that are slightly in the money and they expire today.  I think I will roll them forward a month and get the basis down a little lower before I enter.  Premiums are still good so I can get paid to roll them.

Same here, but I don't think I will roll my 17.5 STOR. It's an exceptional company, I average down with it quite well, and it's an 8% yield.
Bought some BMO today.

Have to pick your spot.  REIT option premiums are lucrative right now.  An entire year of dividends paid up front for the risk of buying a quality depressed stock a few dollars under current market price.  I like that deal. Enough to do it 5 or 6 times on O and FRT this month.

You were right, Fenders. I took a quick look at the premium for next month and my mind changes in something like 0.1 sec

I'm pleased it worked out for you.  The market is scared of REITs right now, all REITS and it doesn't differentiate much between the great ones and the junk.  It's not free money, as there is risk.  But I see little risk down here.  We choose to play on the REIT playground and get compensated.  The market is offering an entire years dividends for a months work. Income is why I buy REITS.  They could launch tomorrow and leave us behind.  My thesis is collecting rent will remain dicey for a few more months.  If that story changes I'll buy some shares real quick with all these options premiums I am collecting.  This is FAR from normal and I'll take it while I can.