April 25th

Hi Folks,

I want to provide an update on our positions.  Here are our areas of strength for covered calls:

1. Banks,

2. Consumer Staples,

3. LNG, GLOG,

By Valerie Volcovici
WASHINGTON, April 25 (Reuters) – “….The crisis in Ukraine and Russia played an “elevated” role in the most recent approval of a U.S. liquefied natural gas export project, and geopolitics will continue to influence decisions on how much LNG to export, U.S. Energy Secretary Ernest Moniz said on Friday…

4. Utilities, 

5. My favorite name – if I had to chose 1-stock to own: $EMES

Remember to adjust the position before ex-dividend date. The amount is $1.13 per unit. This is the one name I’m adding more shares to, with protective puts. I believe the stock is at $90 — $120 a year from now.

6. OAK, MTGE, EFC: Debt

7. $SLB and $XOM

Many of the names we can sell covered calls, weekly, and they hold up strong. $JNJ, $CVX, $XOM, $MSFT: they are very strong in price action.

I did add a couple biotech names. $CELG is going through their lawsuit and should move up -if/when – it moves the settlement is positive. Most of our equity names are paying dividends – which is needed with T-Bond rates so low.

Of course, we have protective puts in place – just in case.

My Stock Market Prediction: 100% Guaranteed  

I have no idea if stocks are going up or down. That’s why we own the right sectors, the right names, sell options, use quants.If the market goes down, we have hedges in place. The hedges and the stocks balance each other out.

Please feel free to visit the forum and ask any questions.  Todd

 

Todd

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