Bought back a short OZK August put option position for a 90% profit.
Used the available funds to buy 100 shares of the new Fidelity Ethereum Fund (FETH) that began trading today.
Bought 100 shares at $34.76.
Trades
Today’s Trades: HASI, GLU, UBER, NLCP
Added to two of my holdings today:
Gabelli Global Utility & Income Trust (GLU) +59 Shares @ $14.55
- Current discount -7.11%
- Distribution rate 8.28%
- Pays monthly
- Uses no ROC
NewLake Capital Partners, Inc. (NLCP) +45 Shares @ $19.03
- Yield 9.07%
- All green ratings on Seeking Alpha
Sold two cash-secured put options on stocks I would like to own or add to:
HA Sustainable Infrastructure Capital, Inc. (HASI)
Sell to Open 1 HASI Sep 20 2024 30 Put @ $1.25 (annualized yield 23.76%)
- Yield 5.12%
- All green ratings on Seeking Alpha
- Recommended by Monthly Dividend Multiplier
Uber Technologies, Inc. (UBER)
Sell to Open 1 UBER Sep 20 2024 62.5 Put @ $1.96 (annualized yield 17.89%)
- Two green ratings on Seeking Alpha
- Recommended by Alpha Investor
Today’s Trades: FNF, NKE
Fidelity National Financial, Inc.(FNF) reached my target price, sold my holdings at a $55 for a 40% profit. I will rebuy this stock when it gets back below $38.
I used these proceeds to add a new stock to my portfolio:
- rated 1 Green on Seeking Alpha
- recommended by Alpha Investor
- Yield 2.03%
- Bearish rating; near its 52 week low, but great price
Today’s Trades: SOFI, KO
SoFi Technologies, Inc. (SOFI)
I am learning how to do vertical option spreads. Sold two low-risk bull put vertical spreads. See below:
| SOFI Aug 16 | Sell | $6.00 | $0.17 | |
| SOFI Aug 16 | Buy | $5.00 | -$0.04 | |
| $0.13 | Credit | |||
| $1.00 | $0.02 | Buy back | ||
|
Minimum credit 10% times the strike difference
|
$0.10 | Yes | ||
| Max reward | $0.13 | |||
| Max risk | $1.00 | |||
| Return | 14.94% | |||
|
Credit divided by the risk (credit to risk ratio)
|
13.00% | |||
|
|
||||
| KO Aug 30 | Sell | $62.00 | $0.41 | |
| KO Aug 30 | Buy | $60.00 | -$0.16 | |
| $0.25 | Credit | |||
| $2.00 | ||||
|
Minimum credit 10% times the strike difference
|
$0.10 | Yes | ||
| Max reward | $0.25 | |||
| Max risk | $2.00 | |||
| Return | 14.29% | |||
|
Credit divided by the risk (credit to risk ratio)
|
12.50% |
Today’s Trades: PFE, USOI, SFL, NVDA, OXY, DVN
Sold some cash-secured put options:
NVIDIA Corporation (NVDA)
Sell to Open 1 Contract NVDA Sep 20 2024 100 Put Limit at $1.58 (Day)
Filled at $1.58 ($157.32) annualized yield 8.01%
Occidental Petroleum Corporation (OXY)
Sell to Open 1 Contract OXY Sep 20 2024 57.5 Put Limit at $0.90 (Day)
Filled at $0.90 ($89.32) annualized yield 7.93%
Devon Energy Corporation (DVN)
Sell to Open 1 Contract DVN Sep 20 2024 42.5 Put Limit at $0.78 (Day)
Filled at $0.78 ($77.32) annualized yield 9.3%
Pfizer Inc. (PFE)
Sell to Open 2 Contracts PFE Sep 20 2024 27.5 Puts Limit at $0.91 (Day)
Filled at $0.91 ($180.65) annualized yield 16.78%
Credit Suisse X-Links Crude Oil Shares Covered Call ETNs (USOI)
Buy 15 Shares of USOI Limit at $75.47 (Day)
Filled at $75.47 ($1,132.05) pays div monthly, yield 19.21%
Buy 83 Shares of SFL Limit at $13.12 (Day)
Filled at $13.12 ($1,088.96) div yield 8.29%, all green ratings on Seeking Alpha
Today’s Trades: GLU, NLCP, FBTC
Had some available cash, so I added to three positions today:
NewLake Capital Partners, Inc. (NLCP) 9.53% yield, all green ratings on Seeking Alpha
Buy 17 Shares of NLCP at Market (Day)
Filled at $18.20
$309.40
Buy 22 Shares of GLU at Market (Day)
Filled at $14.2986
$314.57
Buy 6 Shares of FBTC at Market (Day)
Filled at $50.0588
$300.35
Latest Trade: SFL
Added a few shares of SFL Corporation Ltd. ($SFL). SFL, a Bermuda-based maritime shipping company, has many green ratings on Seeking Alpha and pays a quarterly dividend of 7.78%. Raised its dividend nine times since the pandemic.
Today’s Trades: SHEL, RPRX
Over the weekend I had 100 shares of RPRX put to me at $27.50 so I now have a long position. I will begin selling covered calls on these shares for extra income. Royal Pharma is a “2 green” rated stock on Seeking Alpha and pays a 3.12% dividend yield.
I sold 2 covered calls on my holdings in Shell (SHEL).
Sell to Open: 2 Contracts SHEL Aug 16 2024 72.5 Calls Limit at $1.45 (Day)
Filled at $1.46, netting me $290.64. This equates to a 13.98% annualized yield.
Today’s Trades: AMD, USOI
Another stock I would not mind owning in my portfolio, so I sold a Sept. 140 cash-secured put option @$6.55, which equates to 18.17% annualized yield.
Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI)
Added 14 shares @$74.52 to my portfolio. This energy play on oil pays a distribution of 19.6% monthly.
Today’s Trade: OCSL
Today I opened a small position on Oaktree Specialty Lending Corporation (OCSL).
- Bought to open at $18.74 per share. Yield 11.62%, rated “2 Green” on Seeking Alpha.
I love business development compaines (BDCs) for their high yield, and I already own several, but I’ve had my eye on this one for quite some time. Today it fell below my buy price target.