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

New trade today, Honda (HMC)...American depository.

Bought at $33.07 (two hundred shares in the trust). I then did a covered call for April 2024 (2) at $35.00. I got $1.74 (price improvement from $1.70 at Fidelity).

I have always like Honda...They make things right. They are coming out with a new EV in 2024. The big 3 are a mess. Many people with good credit or money, may just bite the bullet and pay the extra money for known quality and reliability.

Also a PE under 10...2.57% dividend. Their products are made around the world. I believe they have the best supply chain system (except for chips...Who doesn't have that problem), in the world.

A buy and hold, if it doesn't get called away...

Cabin...
 
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Quick option SLV...Silver futures. I have been waiting for it and gold to rise. Meanwhile I lose money on the float (5% money market funds).

So I optioned one April 24 $26. I got $51. for the option...Keep that cash flow going (Roth IRA).

My trades are so minor, they look like diddly/squat. Just putting it out there...
 
Renewed a CD at the local credit union. I like to keep money is different places.

6 month, 5% (APY)...I know I could get higher, but I was fine with that.

Also talked to the guy about car loans, how they are getting tougher...He said "yes". Banks have stopped lending and credit unions have tightened up on their credit scores and other things for their loans...
 
Cabin111 said:
Renewed a CD at the local credit union. I like to keep money is different places.

6 month, 5% (APY)...I know I could get higher, but I was fine with that.

Also talked to the guy about car loans, how they are getting tougher...He said "yes". Banks have stopped lending and credit unions have tightened up on their credit scores and other things for their loans...
More...

4 weeks t bill is north of 5.3% yesterday, liquid.
 
Cabin111 said:
Like I said I put the money everywhere. I already have a ton of T bills. I diversify in almost every area in my life...
More...
Yes but t bill is as good as cd at the moment, same asset class but better yield.
 
Another buy...I woke after 10 am this morning (California time). Saw the headlines and what the market was doing.

I've been out of Amazon for about 3-4 months now. I wanted back in...Robotics, AI, cloud, self driving trucks, they may buy some logistics companies on the cheap.

Bought 100 shares of AMZN at $121.33. I then optioned the Sept 24 $125.00 for $18.00 ($1,800). Income if it doesn't get called away...

I am willing to hold through a recession...
 
If you want, you can check out my thread about different currencies on the fixed income forum...Very complicated for me.

We talked to our CPA. He said the worst would be to open an account in another country. The next worst is to have cash (example Euros or Australian Dollars) in the safe deposit box...Not as bad.

So I bought 100 shares of FXC...Canadian Dollar, just dipping my toes.

Bought 100 share in my Roth IRA $70.99. I then did a covered call for the June 24 $72. I got $1.05 ($105.) for the option.

Income, while I wait and see...
 
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Cabin111 said:
If you want, you can check out my thread about different currencies on the fixed income forum...Very complicated for me.

We talked to our CPA. He said the worst would be to open an account in another country. The next worst is to have cash (example Euros or Australian Dollars) in the safe deposit box...Not as bad.

So I bought 100 shares of FXC...Canadian Dollar, just dipping my toes.

Bought 100 share in my Roth IRA $70.99. I then did a covered call for the June 24 $72. I got $1.05 ($105.) for the option.

Income, while I wait and see...
More...

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.
 
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