Today’s Trade: NSRGY

Bought some Nestle ($NSRGY) today.

  • global (Swiss) food company with many recognizable brands
    • Nestle candy
    • Gerber baby products
    • Purina pet food
    • Optifast
    • Nespresso coffee
    • Boost nutritional drinks
    • Stouffer’s
    • Lean Cuisine
    • Häagen-Dazs
    • Perrier water
  • rated 2 green on Seeking Alpha
  • pays 3.25% dividend
  • even if we have a recession, people will still want/need pet food, Gerber baby products, etc.

Today’s Trades: OCSL, ICSH, TRMD

Closed my position in Oaktree Specialty Lending Corporation (OCSL) for a small loss. This business development company, BDC, has underperformed others in my portfolio: Ares Capital (ARCC), Main Street Capital (MAIN), Gladstone Investment (GAIN) and Hercules Capital (HTGC).

I used the proceeds to purchase a new holding:

TORM (TRMD)

  • UK-based shipping company that owns a fleet of oil tankers
  • 19.4% dividend

Also, I had a short term T-bill mature today, so I used those funds to purchase a new holding for my cash reserves:

BlackRock Ultra Short-Term Bond ETF (ICSH)

  • 5.23% monthly dividend 

Today’s Trades: MU, NVDA, AMD, SFL

Had a 3-month T-Bill mature today so I used the funds to sell 3 cash-secured put options on stocks I wouldn’t mind owning should they get put to me.

Micron Technology, Inc. (MU)

Advanced Micro Devices, Inc. (AMD)

Sell to Open 1 Contract AMD Sep 20 2024 130 Put Limit at $5.65, Filled at $5.65
This represents a 27.83% annualized yield.

NVIDIA Corporation (NVDA)

SFL Corporation Ltd. (SFL)

Today’s Trades: PFE, USOI, SFL, NVDA, OXY, DVN