I want to provide an update on our positions. Here are our areas of strength for covered calls:
2. Consumer Staples,
3. LNG, GLOG,
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