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I GOT THE $! Or When Is $74,548.80 More Than $109,800.00?

|Includes: Cleveland-Cliffs, Inc. (CLF), JNUG, SYNA
Summary

WHOO HOO! Sold out the KBS for a -32.2% haircut.

Will make that back in a few months

(I hope anyway)

So, when is $74,548.80 more than $109,800.00? Well, when it can make more per week (on a % basis) than the $109K was making per year. That KBS REIT was paying about $460.00/month or ~$5,520/year. ZZZZZZZZZZZZZZZ

We can do better.

Before:

After:

So what happened to that $74,584.00? Well you might notice that the maintenance requirement for SYNA jumped from 50% to 60%. UGGG. That ate up $15,450.00 - BUMMER.

I took the $59,134.00 left and spent it on 40 JNUG $17.50 Puts for 7/28 and 40 CLF $7 Puts for 7/28. That ate up $52,276.00 leaving $6,858.00 and it generated $1,852.59 in premiums, or +3.54%, or 33.56% of what the KBS made in a year on only half of the equity - in 1 day. Hey, this might just work!

I took out $1,200.00 of that to make sure the rent check due next Tuesday would get paid and we'll see where things end up Friday at 1:00PM. 

Right now it looks like 4 out of my 5 put positions will expire...........

YRMV

Disclosure: I am/we are long SYNA.

Additional disclosure: JUST SHOW ME THE M O N Y