What Did You Buy Today?

[fenders53]

(04-20-2021, 11:31 AM)stockguru Wrote:

(04-20-2021, 11:29 AM)fenders53 Wrote:

(04-20-2021, 10:46 AM)stockguru Wrote: Bought some DUK June 21 $100 puts. To me its getting over valued now and will look to make a few on the downside.

I try not to ever short quality but UTEs have gone nuts too.  Crashed on 1.6% 10yr treasury rates and that's where we still are after the recent 15% run up for the good UTEs.

WEC getting to be a good short as well. I own WEC long but will look to make some on the downside as well and add at $90 or under. 

I don't normally shorts UTES either but when they run up this much you almost have to lol 

WEC is going to tear it up the next few years.  I'd pick an easier target.  Definitely stay away from shorting NEE even though it's the most over-valued.  It will run with big cap growth if that were to happen.  Mid-term interest rates are going to have to spike pretty hard to scare the UTEs.  Somehow that will happen before long.  I bought a ton of UTEs on the mini crash.  I am about to the place where I sell move covered calls.