Cabin's journal of buys, sells, and covered calls...

BKR88 said:
That trade doesn't make much sense IMO.
I understand you're essentially trying to hedge your long US$ position but that trade is capped with a 2.8% ROI (4% annual) + dividend so 6.6% annual ROI. Not much better than a guaranteed 5.4% in a short-term CD. Could lose money vs. guaranteed to make money. Is it worth the extra 1.2% to take the risk?
I would have left the top side open if you want any type of *hedge*.
Might have been better to do a longer-term scale-in IMO.
50 shares now and add 50 shares @ 70.5, 70.0, 69.5, etc...

***BTW, I'd like to find some way to hedge my US$ position also as I don't trust it longer-term. Looking for *stuff* to buy which for me is probably more farmground or condos.
More...

Yeah, I was looking at it as straight insurance...Without the option.

Then I thought...Isn't there any income that can be made? Insurance is mostly a losing proposition. So how can I hedge my insurance??

I could go back and forth whether to do the option or not. If inflation was running about 10-20%, I think I would have not done the option. If I'm wrong (and the ETF goes down), I have "some" income to offset the loss. We'll see...
 
Covered call positions I've entered within the past few weeks.
Mostly energy related. Pretty decent option prices on most of these.

AM ... 7.4% yield + call
CVE ... 1.8% + call
EPD ... 7.2% + call
EQT ... 1.4% + call
ET ... 9% + call
WES ... 8.2% + call
AMLP ... 7.8% + call
URA ... 0.0% + call
 
Renewed a treasury at Schwab...5.56% yield to date (April 25, 2024).

I am beginning to put the maturity date of our treasuries on the calendar.

I hate that Schwab uses the float (or a diddly/squat checking account), while you wait to make a move...

Carry on...
 
4 options (covered calls) today for income...OK to good earnings, find the best options out of the money, for steady cash flow.

1. My wife's Roth IRA...OMI Owens & Minor 2 calls Dec 24 at $35. Got $1.00 each.

2. Fidelity trust account. OTIS Otis Worldwide (elevators) 1 call June 24 at $95. Got $1.01 price improvement from $1.00.

3. Fidelity trust. VNT Vontier 2 calls May 24 at $35. Got $1.75 each.

4. Fidelity trust. IAT Ishares US Regional Banks 1 call April 24 at $40. Got $.90

Boring as usual...
 
Two buys and hold...50 shares each. No options, didn't want to do them.

Got the wife's approval for these. Easier than keeping currency in the safe deposit box!!

Bought 50 shares of FXA Australian currency...$3,176.

Bought 50 shares of FXE Euros...$4,928.

I/we plan to hold onto these till we die or are needed to barter for super inflation.

These are strictly insurance and not an investment...

Just not keeping all my eggs in one basket...
 
New option...GDX Junior Gold Miners. I have 100 shares in my Roth IRA...An earlier option (covered call...Sell to open) expired worthless.

$1.33 for the June 24 $45. As I write the stock is at $36.65

That's it...
 
More clean up type stuff.

I own 300 shares of Invesco Water Resources (PHO). I optioned 100 (covered call) for $58. It got called away...They grabbed the dividend. This (I believe) was the second option on this stock. The first one had all 300 shares...They expired worthless. I still am just holding the other 200 shares. Dr. Michael Burry would be proud. He said he was investing heavy into water. This was the only (ETF) that seemed to work for me in that area.

Another thing I decided to do was to hold straight Australian Dollars in my Fidelity account. I bought GrainCorp LTD (GNC:AU) awhile back, on the Australian Securities Exchange. I got a dividend of $300. Australian. It goes straight into an account for Australian Dollars. It earns no interest...I don't want to convert it to USD. Just a way to diversify out of the country...But no income. It only has $400. USD in it, so diddly/squat.

Boring I know...
 
I optioned Teledyne (TDY) today...Covered call. I did one sell to open June 24 at $500. I got $5.40 ($540.) for the option. Went to CBOE and couldn't get a fill. Then went to Fidelity routing...PFOF. I got a fill with much better price improvement.

It is what it is for a retail investor...
 
So it's me Cabin111. I needed to get rid of Firefox (to trade at Fidelity). That eliminated ET on my computer. My password was on Gmail...Which I lost the password to.

I'll just keep my Yahoo email and Hotmail. I didn't think I would enjoy ET as much as I do.

Baron, A bit of a mess trying to get back in. I follow the links...But no go.

I'll now just be Cabin1111 and move on...

I'll share a couple trades in a few minutes...CAR

You should be able to see by my writing style it's me...
 
I bought back an option on CAR Budget/Avis today. I bought it back for about $210. (2-$1.05 each). Then did another covered call for the Aug 24 $220. I got about $2,940. for the option.

This is Cabin111...I have moved and became Cabin1111 because I had to drop Firefox and BS like that, (couldn't trade at Fidelity unless I dropped Firefox). Long story...Stuff (including gmail password), is in cyberspace.

A new person...

Baron...If Cabin111 doesn't object (in the next couple days), just assume I/we are one and the same.
 
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