Seeking Alpha
  • J Mintzmyer
    Added to $IBM at $192.20, $MCD at $93.18, $TGT at $60.27, and $CVX at $128.19. All solid blue chips, plan for a long-term hold.
    9/3/14
    Reply (11)
    • J Mintzmyer: Wife's IRA-- invested in blue chips with strong moats, good return of capital, and strong free cash flow generation.
      9/3/14
    • Justin Jaynes: Only one of those I really don't like out of the bunch is IBM - tech changes too fast IMO for a long term hold
      9/3/14
    • Justin Jaynes: like investing in tech for short term, but avoid it for long term - only position in company mentioned above is TGT
      9/3/14
    • J Mintzmyer: Favorite long-term tech hold is $MSFT, but it's kinda expensive now. $HPQ and $AAPL are cheapest, but less moat.
      9/3/14
    • Justin Jaynes: $AAPL I like because covered calls carry a good premium - long $AAPL, but don't view it as truly "long term"
      9/3/14
    • J Mintzmyer: What type of annual return are you getting on $AAPL covered calls?
      9/3/14
    • Justin Jaynes: I have 100 shares of AAPL, so it was only one covered call - but I sold Jan 2016 $115 strike for $6.80 IIRC
      9/3/14
    • Justin Jaynes: just a quick glance, it looks like one would be better off selling about 6 month calls multiple times rather than the ~18 mo that I sold
      9/3/14
    • Justin Jaynes: cost basis on my AAPL position was around $95
      9/3/14
    • J Mintzmyer: Yeah- I trimmed my $AAPL position a bit so I now have <100 shares... I like the idea of selling 6m $105s tho- only if I had 200+ shares...
      9/3/14
    • J Mintzmyer: I think they are fairly valued around $120 or so, and the market is already rich, so I wouldn't want to sell them all for $105.
      9/3/14