What Did You Buy Today?

[fenders53]

(08-20-2020, 12:01 PM)divmenow Wrote:

(08-20-2020, 09:55 AM)kblake Wrote: Sold some T $28 puts expiring on 9/18. Figured it was good deal and can add another 100 shares.

Nice safe play. 

Buying puts is the right thing to do now.

I added puts in AEP, WTRG and MO

AEP is a nice regional offset to your large DUK position.  That might sound silly, but it isn't when a hurricane whacks much of the we service area a couple years in a row, or a regional important industry struggles on you.  

If you want a UTE to trade that won't get you killed like a tech stock will some month soon, check out ALE (Allete), formerly Minnesota Power and Light, merged with Superior (UP Michigan are).  Do some DD of course.  They are diversified.  Regulated UTE, heading more green, some water, even a little coal property which may or may not have value.  I finally turned in my paper stock certificates lol.  Long story short they get a lot of their Revs from the Taconite industry (low quality steel mining in the Minnesota iron range).  There is a reason why the stock is way off it's high but they aren't going out of business.  I keep some long shares for the Div which is 4%+.  At least ten years of uninterrupted dividend growth.  Payout ratio isn't outrageous.  Volatile enough lately to keep option premiums decent enough to bother with.  Lately when it gets around 55 I usually sell a put or buy a few more shares below 55. When it runs near 60 I'll sell a covered call or two.  Your mileage may vary but I'm not afraid to get stuck with some extra shares if it happens.  This is about as close as you can get to Canada.  They'll sell enough power come winter.  

If you can't flip it for 10% and sneak in a Div you aren't half the trader I thought you were.      I really wish they'd have a horrendous earnings report so I can load up on a dip.  It looks like it's finding some down side support.  It runs up pretty quick when it shouldn't.