[Teddi Knight]

STO PUT DD 65.5 JULY24 .55
..less than 1% but these days thinking more of downside risk; comfortable with DD below 65

[Teddi Knight]

The Basics Of The Weekly Wanderer Strategy

https://www.fullyinformed.com/members/the-weekly-wanderer-strategy-trading-weekly-options/

[Teddi Knight]

what strategies have you tried good and bad?

[Teddi Knight]

Thank you Teddi

[Teddi Knight]

good point. It is a very good dividend play

[Teddi Knight]

I wont get in trouble because I would like to add it to my retirement portfolio at the strike price:)

I wont be trading FOREVER, lol

[Teddi Knight]

haha, yes indeed! Thanks for the answer!

Amy

[Teddi Knight]

interesting. I see that International Paper took a big hit yesterday also

[Teddi Knight]

I have been watching wpc and I like the 6% dividend, but I do not like the $5 wide strikes. If you get into trouble and have to rescue the trade, it can be difficult

[Teddi Knight]

That is an excellent question.
CBI has positive earning surprises in the last 4 consecutive quarters. There is a high correlation between past earnings surprises and earnings surprise in the next subsequent period. There is about a 60% chance that a positive earnings surprise will result in a higher stock price right after earnings.
So, my plan is to hold CBI until earnings and then buy a vertical spread just before earnings and hold until 4 days after earnings.
Of course this could all fall apart.
Mike Tyson said everyone has a plan until they get hit in the face.

[Teddi Knight]

I have never done a buy-write for a reason, so let me ask you the question:

With the volatility CBI has, you collect 1.80 by the end of July. What do you do if CBI is at $50 the end of July which is certainly a possibility, just due to the volatility of the stock and earnings coming up right after expiration?

Amy

[Teddi Knight]

june 22
buy 100 cbi @ $54.16
STO 1x 17 july $55 call @ $1.80
Buy-Write trade

[Teddi Knight]

Kevin,
What I might do, and what you could do, is wait until the last week of expiration, and sell calls, or wait until you see a serious break in the momentum and then add to your position.
It might cost you some to wait for the break, but momentum can last way longer than we might think, so I am willing to wait and if I miss it, so be it. I’ll look at it “later”, but for me it’s too dangerous to sell July calls on a ETF that can move 7 points in a day!

Amy

[Teddi Knight]

CFO since 2013, Katy Rice is named senior managing director in a newly-created internal advisory role focused on examining WPC’s core businesses. She’s replaced with Hisham Kadar who has been chief accounting officer since 2012.
Global Head of Investments Jason Fox adds the title and role of president of the company. He’s been with the company since 2002.

[Teddi Knight]

Here is why they were down yesterday:

Macquarie has downgraded KapStone Paper and Packaging Corp. (NYSE:KS) to a ‘Neutral’ rating from ‘Outperform’ yesterday. Macquire not only downgraded KapStone, but all other container board stocks as well, citing price cuts on West Coast container board as the reason behind its downgrades on those stocks.

Amy

[Teddi Knight]

Sell the $35 puts if you want it. I have done that several times, never got assigned but collected a 1% premium for the month. Makes the dividend even bigger although premiums aren’t reinvested:)

Amy

[Teddi Knight]

I’ve done a few trades and am also trying to build a smaller roth IRA.

[Teddi Knight]

Thanks Toby Have you used this strategy at all trying to build a smaller roth ira portfolio with this strategy any thoughts or feedback

[Teddi Knight]

Thanks Amy, I sold July 265 call for $1.7 when it was 238, I almost closed it for over 50% gain before this $20 bump, but my order was not filled, now the call goes up to $5.

Wondering if teddi still holds the short calls, atm I will just hold and hopefully a pullback soon.

[Teddi Knight]

Thanks Amy. I also got filled at .75, yes could have gotten .80, didn’t expect the stock to drop another 50c.

I also swing trade OHI, wait for it at 35 or below to buy, and sell at 36.5.

[Teddi Knight]

THANKS Kevin….been wanting to own that one for a long time. Always too expensive. I am trying to get in via puts as we speak.

From S.A.: The major averages are having a solid day, with nearly all S&P sectors lit up green, but the REITs – eyeing a ten basis point pop higher in the 10-year Treasury yield – are lower across the board. Boosting rates is good news on Greek debt negotiations and a 4% rally in European stocks.
The IYR is down 0.6%, bringing its loss YTD to 3%, about 600 basis points worse than the S&P 500.
National Retail Properties (NNN -1.5%), Omega Healthcare (OHI -1.2%), Healthcare Trust of America (HTA -1.6%), Gramercy Property Trust (GPT -1.9%), W.P. Carey (WPC -1.4%), Simon Property (SPG -1%), Retail Properties of America (RPAI -1%), Public Storage (PSA -1%), Equity Commonwealth (EQC -1.6%), Strategic Hotels (BEE -1.4%), STAG Industrial (STAG -1.4%), Education Realty Trust (EDR -1.5%).

EDIT: filled at .75, could have probably gotten .80; filled too fast!

Amy

[Teddi Knight]

kapstone paper (KS) is also down 5% today.
I did well selling covered calls 3 months out on KS. But the strikes are $5 wide as I recall.

[Teddi Knight]

Awesome. Thanks a lot Denis. I appreciate you sharing the information. I have never done google before so I will dip my toes when the opportunity presents itself.

[Teddi Knight]

My thoughts on XBI after taking a beating, is that the market can be wrong longer than you can remain solvent. Until the bio rally bursts with some volume, it’s a momentum trade that scares me to death….well not really to death, but I’m not touching something that goes out into July going against a momentum sector ever again. But that’s just me. One of the largest XBI holdings, BLUE, is up $7 today. Just hard to fight that.

Some day, they might start to lose altitude, but not today. JMO

Amy

[Teddi Knight]

I did STO 46 @ 0.19 for July 26.

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