{"id":13665,"date":"2023-05-26T10:46:24","date_gmt":"2023-05-26T14:46:24","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=13665"},"modified":"2023-05-26T10:47:18","modified_gmt":"2023-05-26T14:47:18","slug":"medical-property-trust-mpw-update","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=13665","title":{"rendered":"Medical Property Trust (MPW) Update"},"content":{"rendered":"

Hi Main St beats Wall St readers,<\/p>\n

As a recap, I own shares of MPW in my non-margin account and I own shares in my margin account. My margin account holds 1000 shares. With these shares I sell Covered Calls to collect the premium. With the premium I buy more shares and transfer them into my non-margin account. As a result my non-margin account continues to grow shares while I maintain my margin account with the 1000 shares for trading.<\/p>\n

All shares I receive as a dividend I keep in my non-margin account. The dividend shares I receive in my non-margin account stay there and the dividend shares I receive on the shares in my margin account I transfer into my non-margin account.<\/p>\n

I do this because at heart I am an options trader and I like to trade options on stock in a margin account. I can do Covered Calls in my non-margin account but I don’t. These shares I will hold long term. I don’t want to take a chance of losing these shares to assignment. In my margin account I trade options. If I lose the shares to assignment I buy them back and continue trading options against the shares. It is safe to say my non-margin account is for long term holding and my margin account is for trading which comes with a little more risk.<\/p>\n

This week, with my 1000 shares in my margin account, I sold a 10 contract Covered Call. This Call will expire next Friday, June 2nd. I sold 10 MPW 6\/2\/23 $8.50 Calls for a premium of 9\u00a2. This gave me a $90 premium for the 10 contracts (1000 shares). With this $90 I bought 11 shares of MPW at $8.03. These 11 shares I put into my non-margin account.<\/p>\n

 <\/p>\n

5\/23\/23 \u2013 Sell to Open 10 MPW 6\/2\/23 $8.50 C @ 9\u00a2 (+$90)\u00a0<\/strong><\/p>\n

 <\/p>\n

If you look at my Active Trades\/Current Positions<\/a><\/span> page and scroll down to Dividend Stocks you can see how I added shares to my MPW position with premiums from selling Calls and dividend shares received. In my non-margin account I now hold 1563.29 shares. I still have the 1000 shares in my margin account giving me a total of 2563.29 shares.<\/p>\n

Most of you know I am in this stock long term. I do not plan on selling any shares. However, there is a concern of a dividend reduction. Right now the dividend is 29\u00a2 quarterly. This means I get 29\u00a2 per share every 3 months. The next dividend has already been approved and it will be paid on July 13th. With my 2563 shares I will receive $743 which will buy me in the area of 90 shares. According to what the price of the stock is on July 13th.<\/p>\n

There is talk amongst professionals that there could be a dividend cut. Who knows if that will happen but if it does I think it will be a 25% cut. That would still leave me with a dividend in the area of 20\u00a2. It would still be a great return. Only time will tell. They do have a great record of not reducing their dividend, but today the stock market is different.<\/p>\n

Below I put a link to a video for anyone interested in MPW. It’s by a guy named Chuck Carnevale of FAST Charts. It’s very informative on the stock and where the health of the stock stands. Please watch, it’s about 20 minutes.<\/p>\n

MPW article and video<\/a><\/span><\/p>\n

 <\/p>\n

Just a reminder, I do not recommend stocks. I only tell you what I’m doing. We all have a different risk tolerance and wallet size. You must do your own homework and pick your investment strategies according to these factors.<\/p>\n

If you have any questions on my strategy send me an email.<\/p>\n

 <\/p>\n

Successful trading,<\/p>\n

Steve<\/p>\n

The Options Coach<\/em><\/p>\n

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<\/h2>\n","protected":false},"excerpt":{"rendered":"

Hi Main St beats Wall St readers, As a recap, I own shares of MPW in my non-margin account and I own shares in my margin account. My margin account holds 1000 shares. With these shares I sell Covered Calls to collect the premium. With the premium I buy more shares and transfer them into […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-13665","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3yp","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13665"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13665\/revisions"}],"predecessor-version":[{"id":13668,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13665\/revisions\/13668"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}