Took profits today (bought back) on a short UBER put option.
Divided the cash evenly between two new holdings that I’ve been wanting:
Gabelli Global Utility & Income (GLU), a global, closed-end, utility fund
- currently selling at a -7.36% discount
- 8.58% yield, pays monthly, very steady
- uses reasonable leverage, 29.8%
- reasonable expenses, 1.45%
- uses no return on capital (ROC)
New Lake Capital Partners (NLCP), a REIT that specializes in cannabis properties
- currently the top-rated stock on Seeking Alpha, all green ratings
- 8.63% yield
Also see: UBER Put Trade May 17