Daily Trades

Today’s Trades: AAPL, RQI

My Apple (AAPL) April 175 short put is in the money and expires in a few days, so I rolled it out and down to a May 170 put to give AAPL more time. This resulted in a net debit to me of about $13. The new May put option gives me a 32% annualized yield. I only sell cash-secured put options on stocks I would want to own.

I added to my position in Cohen & Steers Quality Income Realty Fund (RQI). Reasons I’ve had this closed-end fund for quite awhile now:

  • Currently selling at a -5.17% discount
  • Pays me 8.87% monthly
  • Uses no return on capital (ROC)
  • Distribution very steady

Also see: Today’s Trades from 3/25/24

Today’s Trades: TSLA, ADC, GLPI

Today, 100 shares of Gaming and Leisure Properties, Inc. (GLPI) was “put” to me (assigned to me at $45) out of my April 45 short put. Current price $42.18. No worries, a stock I am glad to add to my position. Pays 7.10% dividend yield and has many green ratings from Seeking Alpha. Remember, I received $150 for selling the put option, so my current net loss on this trade is only about $132, and I got to buy a great stock at a fair price.

Added a small amount to my Tesla (TSLA) holdings at a great price. I will never bet against Elon Musk.

Added a small amount to my Agree Realty (ADC) holdings at a great price. Two green ratings from Seeking Alpha and pays 5.39% monthly dividend.

Also see: March 26, 2024

Also see: April 3, 2024

 

Today’s Trades: ADC, O

Since ex-div date is tomorrow and price has pulled back, I added a few shares of Agree Realty Corp (ADC). Pays 5.29% monthly dividend. Two green on Seeking Alpha.

Also for ADC, I sold a May 55 put for $1.35. Annualized yield 17.23%.

Also sold a May 50 put on Realty Corporation (O) for $.62. Annualized yield 8.7%.

 

Today’s Trade: AB

I’ve had my eye on Alliance Bernstein (AB) for awhile now.

7.95% yield

3 Green on Seeking Alpha

Fidelity rank 8.4 bullish

I determined that I would be willing to buy this stock at $30, so I sold two May 30-strike put options for $.35 each ($70), resulting in an 8.03% annualized yield on the $6000 that I must set aside in my account.

Open short put positions

Open Short Put Positions
 Strike Premium Current Price
GLPI April $45.00 $1.50 $45.03
22.96% annualized yield, get to buy it at $45
OXY April $55.00 $1.28 $64.55
12.68% annualized yield
ADC April $55.00 $1.22 $56.08
15.57% annualized yield
AAPL April $175.00 $2.25 $170.85
9.39% annualized yield
FDX April $230.00 $3.25 $282.57
12.28% annualized yield
AAPL May $165.00 $3.10 $170.85
10.39% annualized yield
AB May $30.00 $0.35 $33.76
8.03% annualized yield

Today’s Trades: ASGI, JEPQ

Bought Aberdeen Global Infrastructure Income Fund (ASGI)

  • at a 15% discount to NAV
  • pays 8.38% monthly
  • uses no leverage
  • relatively low expenses for a CEF, 1.79%
  • steady dividends
  • uses no return of capital (ROC)

Added a small amount of

JPMorgan Nasdaq Equity Premium Income ETF(JEPQ)

  • pays 11.47% monthly
  • all green ratings from Seeking Alpha