Weekly Wrap
Seeking Alpha Analyst Since 2012
Most of the good $$ stuff is happening over here now:
*
https://seekingalpha.com/user/50421709/instablogs
*
But I will update this one as fun things happen.
*
*
FOR SOME REASON KNOWN ONLY TO THEM, SA HAS DECIDED TO CATEGORIZE SOME OF MY BLOG POSTS AS "STOCKTALKS" ON A RANDOM BASIS RATHER THAN JUST LIST THEM ALL IN THE BLOG AREA. WHAT I WANT THEM TO DO (LIST THEM ALL UNDER THE "BLOG" HEADING BY DATE) APPEARS TO BE IRRELEVANT. SO IF YOU WERE LOOKING FOR SOMETHING TO MAKE SENSE - IE BE IN ORDER - GOOD LUCK TO YOU. (rant over)
*****
Let's trade trade trade, and then trade some more! Love the ladies on FOX business, and Fidelity loves me. OK, well Trish does anyway, some of those other people there maybe not so much. I think that's enough. No book, No paid articles, No premium content, No company, just my own personal hedge fund - dammit. I'm such a failure.
In case you don't GROK "GGjr" - that's Gordon Gekko Jr. A reflection of my net worth being several decimal points to the right of his...
In case you haven't figured it out YRMV = Your Returns May Vary..
Summary
- Rolling UVXY.
- Buying REML.
- Adding more dividend plays to the mix.
As usual, not much happening here other than rolling out and consolidating the various UVXY positions to here:
UVXY 09/13/2019 $26.00 C -99
UVXY 09/20/2019 $33.00 P -99
for some FAT PREMIUM CREDITS of course.
Then we bought a bunch of REML on the slight dip:
Although I missed the bottom of $22.09 OF COURSE (sigh)
REML 46,000 @ $23.6327 with an average cost per share: $23.69 on 50% margin of course so that works out to twice this:
Current Yield (Annualized)**: 21.36%
Less the carry cost on the 2nd part of -3.4% so 21.36% + 21.36% - (3.4%) = ~39.32% net.
SWEET. That's almost like this plan!
Except my plan actually works.
Details on this bad boy here. Exdates and pay dates here.
All the other fun this past week was over here:
Time to increase my carbon footprint!
YRMV
Analyst's Disclosure: I am/we are long AMZA, UVXY, NLY, REML.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.