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

Cabin111 said:
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...
More...

This got called away today...I am fine with that, good profit.

Just curious, I noticed the Port of Baltimore doesn't deliver many (or no) Hondas there...

I don't know it that would come into play.

I haven't bothered to check the dividend date.

It's gone...Move on and enjoy the 5%+ on the money market fund, while I find something else.
 
I am starting to rethink certain positions.

With my trust account, I will glean short and long term losses over the years. Match them up for tax time with the gains. I will even glean my losses earlier in they year...I am fine with that. Nothing strange or earth shattering....It makes tax sense.

What I have see thought (in the last few years), I am unwilling to let go of some of my losses in my Roth IRAs. I need to take a much closer look at these. I will either option some of the "dogs" (close to the money...Covered calls), or just sell. Some I believe are coming back (hold)...But others, bite the bullet and sell.

If I sell, I will be getting over 5% in a money market fund or US Treasure tax free...
 
Big sigh of relief..Stocks are down and Treasures are up!!

I have a few options (covered calls) that were in the money for June, that are now out of the money.

I also have a large CD and a treasure coming due this month.

Hoping the Fed leaves rates alone this year...
 
Silver (SLV)

I put in a trade last night...Got a fill this morning (in my Roth IRA).

I have an April 2024 (19th) expire tomorrow at $26. I made about $50 on the option...Yeah, I know diddly/squat. I just didn't want to lose it. So I placed a put to buy it back for $18. last night ($18.66 total fees). It hit a low of $12. today...I got up this morning at 10:30 California time...Over half the market was done.

I bought it back and I'm looking for another option on it (covered call).

Nothing looks good at this time. I think I'll wait a few days/weeks then option it again.
 
Had one called away over the weekend...IAT Regional bank ETF.

I forgot what I bought it for. I think this was the second time I optioned it...It also paid a dividend.

In some ways I am glad it is out of my portfolio...All those bad commercial and car loans going on.

I'll put the money in a money market or 6 month US Treasure...
 
Renewed a US Treasure for 6 months...3 months had a slightly better yield. But, I didn't want the paperwork/hassle to locate another Treasure or find a stock/ETF during that time.

I'm doing more of my stock/ETF picking at Fidelity, while stash for a rainy day goes into Schwab.

I think I got 5.37% for about 6 months...Oct 24, 2024.
 
Quick covered calls...WEAT (wheat). I have optioned it once or twice. I think I bought this during the pandemic...I own 300 shared.

Call sell to open Jan 25 $8. I got $30. X 3 =$90. minus fees.

Income flow...
 
New buy in Roth IRA...100 shares.

Hormel (HRL)...Bought at 31.09. Then did a covered call...Jan 25, $33.00

I got $1.72 (price improvement from $1.70)...Also a 3.31% dividend X on July 15th.

I was going to say industry leader...Not really. How about mature company that is pretty much holding market share...

My major concern is inflation and the employees demanding higher wages over the next few years.

We'll see...


PS

Think about it, very calculated trade...

 
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US Treasure matured today...Renewed it for Dec 5, 2024. I think I got about 5.3 something percent.

Also bought back an Apple covered call. I bought it back for $4.95 ($495.00)...Sept. $225. Just didn't want it called away. I lost about $200. from the trade...But the stock has risen greatly over the past month.

I then did another covered call for the June 2025 $300. I got $290. for that option.

I have another covered call for Apple on Dec 24 $230. I may buy that one back too.

I'll wait closer to expiration to see if I need/want to buy it back...
 
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...

I have a bunch of options expiring and getting called away this weekend. I'll touch on this one, then write a thread on what got called away later. I won't bother with what expired out of the money...Would take too long.

You can see above what I bought this for...A minor trade. I just like the mechanics of this trade.

The stock closed at $71.48 today. It has also paid a 2.32% dividend.

I still love/like owning stock/currency out of the US, in safe boring places.

I may option this again...We'll see.

PS Just estimating...About a 4.43% return in about 8 months (if I sold today). No, I'm not going to get rich...But good cash flow (tax free).
 
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