Toofuzzy

Toofuzzy
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  • Fear And Greed For BDCs  [View article]
    BDC Buzz

    What does the yellow highlighting on the stock list mean?
    Jan 25, 2016. 01:04 AM | Likes Like |Link to Comment
  • Check Back Into Chatham Using Your Dividend Rewards Card  [View article]
    How about a LADR in the hole.

    Or Climbing down LADR

    Or Buy your LADR on sale
    Jan 22, 2016. 12:06 AM | Likes Like |Link to Comment
  • The Short Volatility Trade  [View article]
    By shorting (UVXY ? ) are you BUYING short term calls on SVXY ?

    A friend did well selling UVXY naked leap 150 calls at a recent spike and bought back a few weeks later, but in looking at the risk seems way too high to me (margin requirement would keep rising on increase in UVXY price ). I would thing buying deep in the money (to reduce time premium) SVXY leaps or just buy it directly would be better on vix spikes.
    Jan 15, 2016. 02:17 PM | 1 Like Like |Link to Comment
  • The Short Volatility Trade  [View article]
    You asked "What can the Fed and Government do? "

    If I was the head of the Federal Reserve I would have gone in front of Congress in 2009 or 2010 and said I am impedent to solve the problem and I give you permission to spend money, give it to the states to fund infrastructure and keep employees on and to directly spend money on infrastructure and repair anything that will need repairs in the next 5 years. Build out high speed rail, finish the 2nd ave subway (only taking 70 years), build out free high speed universal internet.

    If the present situation starts to affect the real economy I would suggest the above being done. If you give me a tax credit, I go to Walmart and the money goes to China, if infrastructure is built, the employees go to Walmart and the money goes to China but the country gest something out of it!
    Jan 15, 2016. 02:08 PM | Likes Like |Link to Comment
  • The Best ETF Of Our Time (AKA How To Become A Billionaire Without Really Trying)  [View article]
    So much for this being the best investment since this article was written. Im sure it will do well in the next bull run though.
    Jan 7, 2016. 02:07 PM | Likes Like |Link to Comment
  • My Best Seeking Alpha Articles In 2015  [View article]
    Brad Thanks for all your articles.

    Dont know why no one else caught it but there seems to be a typo on the HASI chart prices.
    Dec 30, 2015. 07:05 PM | Likes Like |Link to Comment
  • Adding To Positions: A Simple Rule  [View article]
    I would like to thank you for being on the opposite side of all my trades.

    I sell gradually as a security rises and buy gradually as it goes down, buying more shares at lower prices than I sold shares at higher prices as I can afford to buy more shares with the same amount of money I got when I sold.

    I am also NEVER predicting the direction a security will go, I dont care, I just trade the price movement. This is safer with funds as they are less likely to reach zero.
    Dec 25, 2015. 11:42 AM | 4 Likes Like |Link to Comment
  • Is UVXY Shutting Down Due To New SEC Rules?  [View article]
    Why not just buy svxy in that case ........when you think vix will go down?
    Dec 24, 2015. 01:59 PM | Likes Like |Link to Comment
  • Looking For REIT ETFs? Only 2 Of These 3 Should Be On Your Watch List  [View article]
    What about icf
    Dec 20, 2015. 03:06 AM | Likes Like |Link to Comment
  • Income Investors: How To Double Your Dividend Yield On AT&T  [View article]
    If you are trying to do monthly options, spreads, etc and doing just a few contracts it is pricy but if you are doing covered calls or cash covered puts 6 months or more out in time it can be worth it.

    Pick up $3 too $5 per share or $300 to $500 for one contract for $7.95 to $9.95 depending on who you use.
    Dec 2, 2015. 12:32 PM | Likes Like |Link to Comment
  • Dividend Champions For December 2015  [View article]
    The amount of data you compile for the PDF is amazing
    Dec 2, 2015. 11:50 AM | 2 Likes Like |Link to Comment
  • Income Investors: How To Double Your Dividend Yield On AT&T  [View article]
    Rogerlig

    Is that $8.00 per option TRADE or is there a per contract fee in addition to that.

    Ex: 10 contracts cost $8.00 or is it $8.00 + $.75 / contract

    Toofuzzy
    Nov 27, 2015. 12:34 PM | Likes Like |Link to Comment
  • Income Investors: How To Double Your Dividend Yield On AT&T  [View article]
    I have no problems with that at Fidelity. I place a two legged order.

    Buy to close close in
    Sell to open further out.

    Or

    Buy to open further out
    Sell to close close in

    You always have to list the buy first in the upper boxes. That is just how their software works.

    Toofuzzy
    Nov 27, 2015. 12:19 PM | 1 Like Like |Link to Comment
  • Income Investors: How To Double Your Dividend Yield On AT&T  [View article]
    First off after looking at the option premiums available, the whole article is bogus.

    At market close today I can get $.08 per share for a January 2016 $35 call. If I do 10 contracts it cost me $.02 to enter the trade and another $.02 if I need to buy it back. If I do one contract it costs me $10.95 or $.11 per share each way. Not exactly a way to make any money.

    Regardless I will explain what I am talking about above and it can be worthwhile.

    Instead of buying 100 shares of T for $3346 ( closing price) and selling one $35 Jan 2017 Call contract for $105.00 ( $1.05 / share) you can

    BUY two $18 January 2017 CALLS for $15.15 / share or $ 3030.00
    You can then sell two $35 Ja n 2017 CALLS for $105 each or $210

    So you can take in twice the option premium for less cost. $3030 for $18 option cost vs $3346 to buy shares.

    Having said that the cost of buying the. Shares is $33.46 / share and the cost of the option shares is really $18 + $15.15 = $33.15 ( this number should be LARGER then the $33.46 due to some minimum time premium but I used the mid point of the bid / ask ) This example doesnt include option trading costs either.

    So lets say it reasonable cost is $33.60 and it gets called at $35 + $1.05 call premium = $36.05 - $33.60 = $2.45 / share or $490 for two contracts. If not called you took in $210.00.

    This is getting long and I am getting tired. If you read this 5 or 6 times and still dont understand it, then you shouldnt think about it.

    Options can either reduce risk or increase leverage and risk. They cant do both at the same time.
    Nov 24, 2015. 05:37 AM | 1 Like Like |Link to Comment
  • Income Investors: How To Double Your Dividend Yield On AT&T  [View article]
    Robert

    You pretty much have it right. If you buy $18 calls and sell $35 calls, if the stock is at $36 + at expiration the $18 calls will be used to provide the shares for the $35 calls that are called away from you. You never own the underlying shares.

    See my coment above.
    Nov 24, 2015. 04:56 AM | 1 Like Like |Link to Comment
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