Happy Friday! Today is the third Friday of the month, which means the monthly options contracts will be expiring. As my brokers’ automated messaging systems have painstakingly pointed out to me every morning this week: I have options positions expiring. Let’s talk about them. GRC Put (one contract) – $25 Strike I sold this contract… Read More DGI Adventure 10-21-16 – Expiry Discussion
Janet Yellen emerged from her cave, saw her shadow, and thus gave us 3 more months of near zero interest rates. Hooray! I guess? At least volatility picked up a little bit. Still feels like everyone is waiting for the other shoe to drop doesn’t it? Here’s what happened with the wizards accounts in September:… Read More DGI Adventure 10-04-2016 Month in Review – September 2016
June was not boring. The market was not boring, and the wizards were not boring. The transfer of the beneficiary IRA to interactive brokers was completed just at the end of May, so I had a whole month to be active, and I took advantage. Also a bunch of racist rubes in England turned the… Read More DGI Adventure – 07-01-2016 Month in Review – June 2016
Mr. Market was pretty boring in May, as stocks in general just kind of kept on keeping on. A lot of the stocks I’ve been watching are just not selling for very compelling prices right now. That doesn’t mean things were boring for the Wizards. Quite the opposite as a matter of fact. Let’s take… Read More DGI Adventure – 06-02-2016 Month in Review – May 2016
Well that was weird. ABX went ex-dividend yesterday, and apparently some people (or robots) exercised their July 17 $9.00 calls on Wednesday. My shares were selected by the randomizer to be assigned, which means I sold 100 shares of ABX at $9.00/share yesterday. That’s kind of a bummer since ABX was trading between a high… Read More DGI Adventure – 05/27/16 – Covered Call Exercised Early – ABX July 17 Expiry – $9.00 Strike
So far the theory I postulated last month hasn’t materialized. You know…the one about how the rug would be pulled out from under this rally when the buyback blackout for earnings kicked in. Now in that theory’s defense…earnings season isn’t over yet, and it started to feel a little more whipsaw-ey last week. It could… Read More DGI Adventure – 05-02-2016 Month in Review – April 2016
Loyal readers will remember that I am short the two gold mining stocks in my portfolio. I sold covered calls on my ABX and AUY shares in early January. Since gold miners’ earnings are highly dependent on gold, their share prices are kind of like a leveraged exposure to the price of gold. Since an… Read More DGI Adventure – 04/14/16 Covered Call Option Roll Out – WTF Am I Doing?
Well that wraps things up for the first quarter. That was quite the upswing. Will it continue? I’m currently intrigued by the theory that most of the buying volume right now is coming from corporate buyback programs. That means that when the blackout period for earnings season kicks back into gear, the support should drop… Read More DGI Adventure – 04-03-2016 Month in Review – March 2016
I got paid yesterday. Woo hoo! OHI paid out its $0.57/share dividend. I got $26.22 since I only own 46 shares. I understand that hindsight is 20/20, but I really feel like I should own more shares. I’ve complained once before about how impatient I was when I bought OHI and should have stuck to… Read More DGI Adventure – 02-17-2016 Paydays – Roll Out Covered Calls + Omega Healthcare Investors Inc (OHI)
I fancy myself as a patient, well reasoned investor. I’m not too shaken by short-term gyrations in the market. I like to think that I “get it”. But right now there’s a lot of red…in all of my accounts. I’m not feeling particularly confident at the moment. I’m pretty depressed actually about the whole investing… Read More DGI Adventure – 02-13-2016 Market Musings – Am I Really That Bad at This?