What did you trade today and why?

[YellowSubmarine]

+ QDVO add to position as it's priced below my cost basis...10.5% distribution...x-date coming soon.

 

[YellowSubmarine]

I am looking forward to that, despite the "wishing years away".

Unfortunately for DW and I, $2,100/months Premium, $7,700 Deductible/per, $14,400 OOP Max.

Flieger

I remember those days with Anthem BC/BS...high premium, high deductible, poor coverage as they failed to cover DW physician prescribed treatment -always blaming the Doctor in an endless blame game and we'll call you back stuff.

 

[finnski1]

Micron Technology (MU) surged today. Must be because Oracle reported good earnings last night. I rolled several OTM covered call contracts on MU and semi ETFs from 3/13 to 3/20 to higher strike prices. Also rolled some OTM put contracts to a week later, and to lower strike prices. Got some nice cash for the effort.

In after-hour trading, several semi stocks already gave up part of today's gain. Yep, this market is treacherous. Can't take any gain for granted.

MU keeps gaining. Earnings after bell tomorrow. I've made a few 25% gains buying and selling the calls the last 2 weeks. I can't seem to catch up to it the last few days.
My hiking buddy bought over 14,000 shares of MUU the double long MU ETF back in late December. Those are already up 120% since then. I keep telling him to sell 1/3rd to 1/2. He doesn't listen to me.

 

[38Chevy454]

+ QDVO add to position as it's priced below my cost basis...10.5% distribution...x-date coming soon.

Thanks for that, I bought some QDVO and will see how it does.

 

[richardsok]

Returned to IDV, ... technical indicators improving somewhat. About half the amount I recently sold.

 

[Fishmasterdan]

Thinking about buying PM mid day then selling a CC ITM to try and capture the dividend plus some premium. Looks like its goes EX tomorrow. First time trying the dividend capture covered call capture. 165 strike 1 week out. Anyone try this? Looking like Premium is 390$ .

 

[dickoncapecod]

Don't forget:
1. BAD PPI inflation read this morning, and
2. Fed dot plots and JPOW press conference beginning at 2-230.
Regards, Dick

 

[dobig]

Don't forget:
1. BAD PPI inflation read this morning, and
2. Fed dot plots and JPOW press conference beginning at 2-230.
Regards, Dick

Good day to go fishing.

 

[Al18]

...waiting for the SP500 to hit 6302 (10% correction) to do some buying.

 

[wdwwildbill]

Thinking about buying PM mid day then selling a CC ITM to try and capture the dividend plus some premium. Looks like its goes EX tomorrow. First time trying the dividend capture covered call capture. 165 strike 1 week out. Anyone try this? Looking like Premium is 390$ .

Never tried that but sounds interesting to try to capture both.
Let us know if you pull the trigger

 

[Fishmasterdan]

Never tried that but sounds interesting to try to capture both.
Let us know if you pull the trigger

I got nervous about the FOMC meeting today and chickened out.

 

[marget]

...waiting for the SP500 to hit 6302 (10% correction) to do some buying.

Why 6302?
I can see 6168 or 5960.
thanks

 

[COcheesehead]

...waiting for the SP500 to hit 6302 (10% correction) to do some buying.

Waiting for the VIX to get substantially above 30.

 

[dickoncapecod]

I bought some stuff, mostly locking in current higher yields. Still have 31% cash in case others see Fed differently than I do. Struck me that they are not wringing their hands over current events ---- and there was no sense that THEY changed the dominant rates-lower-later dominant narrative. I'm hoping for a base formation so I have to pay higher prices to reduce my cash.
Regards, Dick

 

[Old Dog Seeks New Tricks]

dribbled in a bit of wdi -
have cash to be spent -
timing is not clear -

 

[NW-Bound]

I can't think of a reason to be bullish. So, closed out several puts expiring this Friday 3/20, netting only 50-60% of the premium. What do they say about "Pigs get fed, hogs get slaughtered." This old piggy grabbed his money and ran home.

Also rolled out several OTM calls expiring this Friday to next Friday, lowering the strike prices. Again, don't wanna be too greedy.

I am in the green YTD, and want to keep it this way. In fact, often wonder if I should not sell out right, sit in cash, and go read books for a few months. But I like equities, and cannot bring myself to do that.

 

[Bill E]

Added a bit to PDI, GOF and PHK.

Regarding Dick's hope for base formation, Pimco NAVs have ticked up a bit the last several days since ex date. (Edit: But HYG and MBB down half a percent today.)

Bill

 

[richardsok]

sold last crumbs of GGN to clean it from screen. There wasn't much left anyways. Holding PDBC instead.

 

[Rhythm Method]

Small adds to core FBALX, smaller to SGENX, and smaller yet to SPYI.- I raised cash probably too soon, but in no hurry to deploy. Good luck out there. It might get uglier. - RM

 

[dickoncapecod]

Added a bit to PDI, GOF and PHK.

Regarding Dick's hope for base formation, Pimco NAVs have ticked up a bit the last several days since ex date. (Edit: But HYG and MBB down half a percent today.)

Bill

Yeah.....I just got sick of hoping for a swoon STARTING from 15% for PDI. 13+% for WDI and mid-12's for several others. So I reset 66% of the portfolio about 75-100bps higher than early Fedruary. I can't miss a new high for portfolio income despite an aggressive tax-free gifting program to heirs. These pups are essentially as cheap as they were in the crumble when Fed funds went over 5%. Perhaps dangerously, I'm catching Alfred E. Neuman attitude: at these yields, "What? Me worry?"

Fed CAN'T drill oil wells or gather more gas. And we know there's going to be a "terrifying" wave of inflation ---- but there are limits to how many times folks can react it. 10yrs belong at around 4.5% to 4.75%....long bonds over 5%. SOMEBODY will sell 12+% to 15+% assets on such news, but....well, okay....I'll buy some from them.
Regards, Dick

Add: I forgot to add: do I need inflation protection? Owning 12+% yielding assets? No, I have plenty. D

 

[Old Dog Seeks New Tricks]

dick has articulated a point that has been wafting around in my skull for a while now / even with higher inflation, how low can these pimcos go /
15-20% yield ?/ i'm pretty happy at 10% / pdi, for example has paid at least the same 22-cents forever and its price has been no more than about $1.50 below where it is now / the world is not yet gonna end / i'm ok if it gets more ugly / i think...

 

[dickoncapecod]

dick has articulated a point that has been wafting around in my skull for a while now / even with higher inflation, how low can these pimcos go /
15-20% yield ?/ i'm pretty happy at 10% / pdi, for example has paid at least the same 22-cents forever and its price has been no more than about $1.50 below where it is now / the world is not yet gonna end / i'm ok if it gets more ugly / i think...

Concur. But I think that if CEF prices break down through recent lows --- ie, a base is not forming YET ---- the price action could be really silly to the downside because it's panic selling. I'm trying to set my brain in the direction that another large selloff is an OPPORTUNITY, not a reason to join panic selling. Of course Tyson famously said, "Everybody's got a plan until you get punched in the mouth."
Regards, Dick

 

[marget]

Waiting for the VIX to get substantially above 30.

on March 9 it was at 31.84
you are thinking it will go higher than this mark?
when? why?

 

[COcheesehead]

on March 9 it was at 31.84
you are thinking it will go higher than this mark?
when? why?

Of course it will, driven by what always drives it: fear.

Anytime the VIX is well above 30/40/50 have been great times to buy.

 

[COcheesehead]

THOAX showing some green on the day. Who da thunk.