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

Two quick buy backs and options (covered calls)...Options expire on Friday, didn't want them called away.

Bought back Welltower WELL for 21 cents ($21.00). Then did a covered call for the June 24 $95...I got $2.85 for it.

Bought back MU Micron for $30 cents ($30.00). Then did a covered call for the Oct 24 $100.00...I got $5.15 for the option.

I put in the buy to close the night before...Since I get up between 9-11am Pacific time. Much of the trading day is over. Just put it low and see if it fills. Sometime it will fill too costly...But I would rather have my sleep, than worry about a few bucks.
 
A few assignments from leaps and long trades today. I had many expire out of the money...I'll just share the fills. I made some good money from the ones expiring worthless.

UBER in my Roth IRA got called away. This was the second option I wrote on it. I think I broke even when you consider the two options I wrote on it. But the second option was for $42.50...I could have made a lot more, if I wrote it differently or just held on. With a company like that, you just wonder when they will actually make money...

Pulte (PHM Del Webb) got called away. I wanted the income...Could not see the growth post covid. In the trust...Got called away at $65.

The last one...A bird in the hand (should have went for two in the bush)!! Google dropped below $93. about 15 months ago. I picked up 100 shares at $92.70...Then did a leap for the Jan 24 $93.00. I got $16.90...$1,690. for the option. Add the $30. for a gain and I am sitting pretty with about a 20% gain (when you add about 4% interest in the option money). But if I just held on a year...

I don't have my eye on any stock at this time...A 5.2% US Treasure looks mighty good right now.

Will wait and reflect a few days before I write some more covered calls...
 
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Two things today...Bought a 3 month US Treasure. I made sure it expired the same date another treasure expires...Combine them together the next time for simplicity.

Last night (trust), I put in an order (covered call option) for Sysco (SYY). I put it in for the Aug 24 $85. at $1.20 (2). I picked it up for that price...
 
One trade yesterday and one today. Both were while I was gone.

I bought Dupont (DD) at $64.51 in my Roth IRA. The stock came out with OK earnings, but their guidance was just fair. The market gave it a spanking yesterday. I was going to see the grandkids...Hour drive each way, (didn't want to sit around the computer all day...And didn't want to follow on an app).

So I put in my price about 25 cents below the going price (limit) and just headed out. I got the fill, then put in my covered call ticket for last night (woke up in CA at about 10am today). I got 20 cent price improvement (this does not always work well). Many times the price will drop further the next day/week and I can't do the covered call. I put in my limit for $5.00 Sept 24 $65. (between the bid/as at the close yesterday). I got price improvement to $5.20 this morning.

A 2.25% dividend...An industry leader. Besides their many products, they are involved with the chip manufacturing industry. It may take years for a turn around when many chips are made in the US...I get it.

But, a fair price, fair option money, fair dividend, close to at the money...I'll take my money and run if it gets called away. If not, a good creative company, in a good location (US), that can be held and optioned for years to come.

I look for industry leaders who have bad quarters. Sometimes I can get burned (GM, Westinghouse)...Others, it can be a profitable move.
 
This afternoon...Did a quick covered call in the trust. I've optioned this before.

Resmed (RMD), think CPAP and oxygen containers...Good earnings today.

1 call July 24 at $230...I got $4.10 ($410.) for the option.
 
Sold 300 shares of Hertz (HTZ)...Gleaning some of my long term losses early.

I sold at $8.46...I just wanted out. I own Budget/Avis and thought this would be similar. I was wrong. I think debt and going into EVs has hurt this company. Maybe the prices at their used car lots have dropped also.

Still waiting to buy back my option in Apple. Waiting for a drop to buy it back cheap...Mar 15, 2024 at $200.

PS In a few days I will unload a couple more dog stocks in both my IRA and Trust. Move the money to a 5+% treasure while I look for something good...
 
I bought back the option on Apple. It cost me 31 cents ($31.).

I am finding I much prefer CBOE than Fidelity PFOF!! Fidelity will not place for price discovery...Just if they get a "hit", I'll get a fill. Yes, sometimes price improvement, but I can sit around for an hour waiting for the fill (or raise it a cent or two).

I then did another covered call on AAPL for the Dec 24 $230. I got $255. for the option (covered call).

WAYYY out of the money...I don't want it called away. But, I want some small income while I wait.
 
I renewed a US Treasure today...$25,000. for March 28th. I got 5.3?%

I had it nature the same date another treasure (at Schwab) matures. I'll be able to combine the two for easier maintenance/paperwork.

I'll do more stock trading out of my Fidelity trust account. The account's money market fund is above 5%, so I can delay trades till they look right.

With Schwab you have to be on top of their bank sweep!! Diddley/squat yield and delays (options expire on a Friday of a 3 day holiday). Sometimes (if the options fills), I won't have access to the new money till Tuesday!!

So Schwab and I play this little game...I know when they use their float. And I have treasuries (and CDs) nature on a Thursday (never a Friday)...So I can buy another treasure or CD (that again matures on a Thursday)!!
 
I had one option called away the other day...Janus International (JBI). I don't even remember the trade...500 shares. I believe I made money...Covered call, and small profit. This one didn't have a dividend...But quality products. That is usually how I roll. If I can see a locked in profit over 10% (usually 12-15%)...On a quality ETF or stock, I'll make the trade.

At this time, I am trying to buy back my covered call (2) on CAR...Budget/Avis.

The stock has really dropped. I've made good money on the options and I also grabbed their $10. special dividend a few months ago. On paper I am way up. I want to buy back the option (Aug 24 $220.) on the cheap. I'll then do another covered call for about $140. Jan 25.

This stock was almost a meme stock during the pandemic...People playing it up bigtime. Now it has come back down to earth...

We'll see...
 
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New option in my wife's IRA...Silver SLV (100 shares). It is just sitting there earning nothing.

Nov 24 $26. Got $68. for the option...

SLV closed at $21.17 up 44 cents...
 
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