KEEPING UP
Before leaving for a few days vacation, I’m checking my regular positions that provide me with a nice regular income. On Aug 26th I sold 10 calls on my Medtronic stock (MDT). My stock is still below what I paid for it, during a high period, but I’m way ahead by continuing to sell these calls on a regular basis, and I still have confidence that the stock will come back next year. I received $905 for the Nov 34 calls. The stock is now about $32.50, so I have to watch it, and roll up if the stock goes...
Readmore...WHAT AM I DOING NOW?
WHAT AM I DOING NOW? I’ve been laying low for the past few weeks, watching the bad economic information. I have a number of stock holdings, many of which are down from my cost, but which are providing me with some income from my writing covered calls against, them generally y each quarter. There are a few stocks which look good to me for those of you who don’t already own them. For example: RIG, COP, BK, GS, JPM, HPQ, MFFT, AMGN, MDT. These are stocks I wouldn’t mind buying if I had a lot of cash, and writing calls against at...
Readmore...I CAN’T FIND M ...
With Atria stock (MO) selling at $22.70, the $1.40 dividend is 6.1%. That’s a really nice dividend, unless you lose it back if the stock goes down. With that kind of a dividend I usually look for an opportunity to buy the stock and put on a “collar.” A collar is typically a short put and a long call. I buy a put just under the price of the stock to protect me from a decline in the stock. I sell a call above the price of the stock to take in a premium to pay for the put. This kind...
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