Cogent Communications: Another Way To Play It, Locking In Option Premium

Jul. 18, 2022 6:36 AM ETCogent Communications Holdings, Inc. (CCOI)O

Summary

  • The latest options expiration has us locking in premium on Cogent Communications, a watchlist name.
  • I'm interested in selling more puts in the future on CCOI, but we might need to be patient.
  • Earnings season is upon us, which can create some volatility that we can use to our advantage.
  • This idea was discussed in more depth with members of my private investing community, Cash Builder Opportunities. Learn More »

Pink piggybank stuffed with dollar bills

MarsBars

Written by Nick Ackerman. This article was originally published to members of Cash Builder Opportunities on July 16th, 2022.

Cogent Communications Holdings (NASDAQ:CCOI) is a recent position that we've provided an update on. It also frequently pops

Cogent Communications long-term debt

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CCOI stock price

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CCOI Price Target

CCOI Price Target (Seeking Alpha)

UNH vs C price

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This article was written by

Ideas designed to provide growing and building income for investors

Cash Builder Opportunities provides high-quality and reliable dividend growth ideas to build growing income for investors. A special focus on investments that are leaders within their industry to provide stability and long-term wealth creation. Along with this, the service provides ideas for writing options to build investor's income even further.

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Who are we?

Nick Ackerman is the lead author for Cash Builder Opportunities. Nick is an avid student of the markets and has been investing in his own accounts for over 12 years. He is a former Financial Advisor and has previously qualified for holding Series 7 and Series 66 licenses. These licenses also specifically qualified him for the role of Registered Investment Adviser (RIA), i.e., he was registered as a fiduciary and could manage assets for a fee and give advice. His specific focus is on closed-end funds, dividend growth stocks and option writing as an attractive way to achieve income as well as general financial planning strategies towards achieving one’s long-term financial goals.


Stanford Chemist is a scientific researcher by training who has taken up a strong and passionate interest in investing. His members appreciate the analytical and agenda-free insight and analysis that he brings to investments. He has developed his own metrics and tools for understanding closed-end funds and exchange-traded funds and how to profit from them and will seek to apply the same logical principles to Cash Builder Opportunities.

Disclosure: I/we have a beneficial long position in the shares of O, UNH, SHORT O PUTS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: May initiate a short CCOI put position in the next 72 hours.

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