Today Pitney Bowes cut their dividend by 50%. That makes this stock no longer attractive for my dividend growth strategy and I am no longer interested in this stock. Originally I sold a put contract to get assigned to the stock. I no longer wish to be assigned and since I do not know how Continue reading →
Again, the market ran up yesterday in amazing session. It added to its overbought state and today we are correcting from yesterday’s run. Well, it doesn’t mean that this is the beginning of a bigger drop, but it may become one. The market stalled at its crucial top marked on April 11, 2013 and now Continue reading →
Corning Inc seems to be performing well. The outlook Morningstar presents hasn’t changed and they still estimate the value at $15 a share. My own calculation indicates 17 a share with 28% safety margin and annual expected return at 25%. The PEG value of 0.9708 is below the Electronic Equipment, Instruments & Components industry median Continue reading →
The Micron Technology Inc covered call order executed this morning. This is another trade utilizing a total return strategy. That means that I want the stock to be called away at expiration or even better be assigned prematurely. If assigned, either early or at expiration, I will realize a nice gain. If not assigned, i Continue reading →
The previous February covered call for Kodiak Oil & Gas Corp expired worthless leaving me with maximum profit of $52 per contract (5.47%; 3% annualized profit). Since the option expired worthless I am allowed to sell another contract against the same stock. I did sell another covered call this morning and collected another $60 per Continue reading →
Today is expiration Friday and I have two covered calls expiring tomorrow leaving me with maximum profit. The call options expire and on Monday I can sell another set of covered calls as long as the stock will be called away. The stocks with expiring call options are Kodiak Oil & Gas Corp and TASER Continue reading →
When I sold ARR today morning I quickly scanned my watch list for replacement. I must admit that this time I was looking for high yielding stocks, closer to 10% yield with a decent dividend growth and dividend paying history. I think Pitney Bowes Inc. perfectly fits my needs. It is a long-term dividend payer.
I was searching for stocks which I can buy, but couldn’t find anything at a decent price. Everything I was interested in is so elevated that I wasn’t comfortable buying at the current price. So I was thinking that the only way I would be willing to do is to sell a longer term put Continue reading →
Today, after some thinking I decided to sell a covered call against the additional 100 shares I bought earlier. See the adjustment here. Here are the trade details: Bought 100 shares TASR: $6.90 Strike: $7.50 Sold 1 Covered Call: $0.45 Total Purchase: $645.00 Commissions: $8.78 Total purchase: $643.78 Expected Option Assignment: Continue reading →
I had Corning in my watch list for some time. It was a featured company in Morningstar as a potential new gainer. I like the company what i have read about it so far. It is a four star stock and Morningstar estimates the fair value at $15 a share. My own calculation indicates 17 Continue reading →
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