I was filled on a few trades in the last half hour.<\/p>\n
This morning was a busy morning with research. My plan is to take some of my profits and invest it into longer term positions in my Wealth Builder. Last week I had some very nice profits so I was researching to see where I should build a portfolio.<\/p>\n
I\u2019ve been tracking some interesting high dividend stocks. I have a list about 50 stocks long. When picking a stock I have a list of criteria to look for. Hopefully I can satisfy most. I look for a strong Stock, a low priced stock with potential to grow, a high dividend, and a stock with a good track record of paying a dividend. Also, I look for the last ex-date and the last pay-date. Hopefully my pick didn\u2019t just pay a dividend.<\/p>\n
I\u2019ve been following Gannett (GCI) as a possible stock for the Double Dipping Portfolio<\/strong>. GCI is a media company. My broker has it as a \u201cB\u201d rated company. GCI has a 5 year record of consistently paying their dividend. It\u2019s been paying 38\u00a2 for the last 10 quarters ($1.52 annually) and the stock is at a low right now. I bought 1000 shares at $5.90. Their last dividend of 38\u00a2 was paid on Nov 12, 2019. The next dividend should be paid the 2nd week in Feb. I invested $5900. If I can receive this dividend and the stock doesn\u2019t go down, I\u2019ll hold it for a while. The stock was entered into the Double Dipping Portfolio<\/strong><\/a><\/span>.\u00a0There are now 3 stocks in this portfolio.<\/p>\n Buy 1000 Shares GCI @ $5.90<\/strong><\/p>\n With my stock price of $5.90 my dividend yield is 25.7%. If the dividend stays the same, the 2nd week of Feb I\u2019ll receive $380 in stock. If the price of the stock is the same at this time I\u2019ll receive 64 shares of the stock.<\/p>\n In my weekly report I mentioned I like the Calls with Weight Watchers (WW). The stock has been moving up lately and I think it might be time for a little break. This morning with the stock at $45.40 I sold 10 Contracts of the 1\/17\/20 $47 Naked Call. Naked on a hot stock is a little dangerous but I went up to $47 on the Strike Price. I received a premium of 65\u00a2 for $650.<\/p>\n Sell to Open 10 WW 1\/17\/20 $47.00 C @ 65\u00a2 (+$650)\u00a0<\/strong><\/p>\n This is a Naked Call so I give it a Risk Factor 4<\/strong>. I\u2019ll watch and Cover if the stock moves higher.<\/p>\n I\u2019m holding 1000 shares of Marvell (MRVL). I bought the stock at $26.99. The stock doesn\u2019t have great premiums but I\u2019m selling Calls while I wait for the stock to make a 5G move. With the stock at $27.10 I sold 10 contracts of the 1\/24\/20 $28 Calls. I\u2019m not looking to get assigned so I went up to a $28 Strike Price. I only got 25\u00a2, but it\u2019s $250 into my account. If I get assigned I make another $1000 on the stock sale.<\/p>\n Sell to Open 10 MRVL 1\/24\/20 $28.00 C @ 25\u00a2 (+$250)<\/strong><\/p>\n This is a Covered Call on previously owned stock so this trade gets a Risk Factor 1<\/strong>.<\/p>\n Earlier I bought 1000 shares of Micron (MU). It\u2019s a hot stock and it received a few new upgrades. Not looking to hold the stock, I bought the stock for a Covered Call. I bought the stock for $57.50 and want to sell a $58 Call for 75\u00a2. As soon as I was filled in the stock buy the stock moved down a little to where I didn\u2019t get filled on my 75\u00a2 premium. Still waiting!<\/p>\n Buy 1000 Shares of MU @ $57.50<\/strong><\/p>\n As soon as I get filled on my Call I send out a notice.<\/p>\n I\u2019m sorry I\u2019m sending all these trades in one notice but I was very busy doing research and watching for trades to get filled. I didn\u2019t have time to write.<\/p>\n Right now I have 2 trade offers in. 1 to sell a Call on MU and the other is a \u201cBuy to Close\u201d order on PAGS. I have a 20 contract Call I\u2019m trying to dump if I get my price. The Call doesn\u2019t expire until next Jan so I\u2019m waiting for my price.<\/p>\n Make sure you read my reasoning for a trade. This is how you\u2019ll learn. If you have a question send an email.<\/p>\n Successful Trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I was filled on a few trades in the last half hour. This morning was a busy morning with research. My plan is to take some of my profits and invest it into longer term positions in my Wealth Builder. Last week I had some very nice profits so I was researching to see where […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-6954","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75MP0-1Oa","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/6954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"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=6954"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/6954\/revisions"}],"predecessor-version":[{"id":9730,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/6954\/revisions\/9730"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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