Forum Replies Created
-
Posts
-
I will be patient with TAP personally. It IS in the dog house though.
Still getting used to the improvements (???) to TD Dashboard I guess.
Sorry Teddi I meant July 20. I am making mistakes today, geesh, too much going on.
I bought 1000 shares of ATD.B this morning instead of sell BUT made an extra 750. Don’t you love those types of mistake lol.
Rookie mistake, I did not check the earnings date and rolled to Jan 20 (July 20 not Jan 20) yesterday.
I saw the heading and thought this was a greek letter I did not know and would have a discussion lol.
Never heard of THO before.
I was discussion with some others and I read input costs are increasing and from shopping, they cannot pass the cost increase to consumers. Consumer products are all down like cereal, snacks (mdlz), KO/PEP, … Someone else said transportation costs are increasing (oil).
Not exactly blood in the streets but I see these as on sale.
I started watching KHC too late after bounce off of 55. I got more Pepsi yesterday as one of those with better premiums.
Hi Teddi
Nice summary of some strategies that can be used to fix problems like PM and to explain why the premium are low in that case.
For new option sellers, good to know as that situation must be frustrating BUT makes sense.
As for spreads, I find them hard to roll for premiums as the long put cost too much of the added short put premiums in many cases.
Yikes.
After earnings I got rid of all my MO (down 6%) and took same money into PM (Down 16% post earnings).
We shall see how this plays out.
thanks Larry, I will look at it.
I have been trading weekly spreads at 94 short put and got assigned last Friday and have another 10 for Friday and the next one. Spreads are difficult to roll for credit once it is ITM.
Teddi, Mike
Don’t forget the rails which have been growing their dividends (albeit a tad low compared to banks and telecoms). Since capital gains are treated better than dividends (without the short and long term US rule) currently, I prefer growth in Rails and lower dividends. I don’t mind dividends but prefer capgains.
Larry
It was a tough week of some roll, some profit taking (KSU FOXA and CHTR) and assignment (see my other post). I earned my keep this week but my portfolio is almost back to the profit of January with these 5 days of rise after correction.
I just let PG assign and wait for recovery but like you often say, I wrote puts on companies I do not mind owning. I got assigned XOM CNR/CNI L (loblaws) BNS and CELG Friday. This 10% correction put these ITM and with spreads, hard to roll with credit.
I am surprised that Ms Market has taken this as a big positive. Congrats to those who are in.
“Jefferies reiterates Buy rating, $220 target on Wynn amid ‘uncertainty’ In a research note titled “Wynn By Any Other Name,” Jefferies analyst David Katz reiterates a Buy rating on Wynn Resorts with a $220 price target. All scenarios following the allegations against Steve Wynn “suggest the company and reasonable value endure in a potentially different context,” Katz tells investors in a research note. If Steve Wynn were to step aside, Wynn Resorts “would be without its chief visionary and diplomat,” the analyst contends. Under this scenario, he believes Wynn Resorts’ estimates and performance could remain the same, although at a lower multiple. Katz’s analysis suggests a share price of $129-$169 in this scenario. The analyst also considers the possibility that Wynn Resorts could explore a sale, which he says would shift the focus to a net asset value analysis. This could yield $201 per share in value, Katz estimates. The analyst sees “enough near-term positive performance and opportunity and underlying asset value” to maintain his positive stance despite the “uncertainty.””
Sounds like a sell without saying it. Wynn should leave the company if the allegations are true and that will hit the stock. With so many out there without this overhang, why be in this? I guess Wynn, win and gambling lol.
ps. I was tempted as I like to get in this firesales but this one doesn’t feel good so I passed. I have made a lot on HAIN (bought some more for CC yesterday) as their accounting problem were fixable and I was correct (so far) just like MET (is on sale IMO and I may add to my holdings).
Teddi
Will TD and IB Canada still see it as a spread for the margin hit or since not convered all year, as a naked trade?
Also my thinking is that 2 times 6 months > 1 time 1 year (for the cost of the protective put) IMO unscientifically.
mark
Margin requirements go up when the long put expires so you have to renew the long put.
I think the price of the 52wk long will be lower than 2 times 26wk long put. I don’t get doing this trade other than expectations are to close within 26 wks and so save that extra 26 wk long put.Hopefully Teddi sees these messages and answer our concerns.
Intriguing concept though compared to spreads we have all done.
Agreed, found her on retirement and have made so much more than living expenses that I have all the money I will ever need.
I don’t follow too much her trades as earlier on (6 years ago) but her techniques have been invaluable.
Teddi
I did an 89/85 BPS Feb9th for 1.20, 20 cents better than I tried yesterday. I see support at 88 on a great company and I am below that with premium.
I have a lot of DIS and FOXA shares so will watch money coming in as this plays out.
I like that format as well.
thanks Teddi
Not TD Canada. IB has better reporting but didn’t notice.