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
The market continues to set all-time highs. Initiating long positions in this kind of environment is just not my style. I prefer to make purchases when prices are going down. I still managed to make some moves, and overall the wet worth trend continues upwards…which is kind of the whole point right? JULY is over!… Read More DGI Adventure – 08-01-2016 Month in Review – July 2016
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?
Is the roller coaster ride over or is it just getting started? I think it’s just getting started. Mr. Market went off his meds in January. It was a pretty busy month for the wizards as well. Let’s take a look at where things wound up once the dust settled: Portfolio Summary As always, the… Read More DGI Adventure – 01-31-2016 Month in Review – January 2016
Somebody spiked Mr. Market’s coffee again. The common consensus has fingered China as the culprit. Give it some time and we’ll see a few articles suggest that the Fed had a hand in it as well. I lost a lot of imaginary cost basis bucks this week. I didn’t purchase any stocks, but I’ve been… Read More DGI Adventure – 01-08-2016 Week in Review
I got paid today. I sold one covered call contract (ABX160219C00009000) for $0.23/share. The sale netted $15.30 after $7.70 trade commission. The shares will be at risk for 44 days. The call premium represents 1.7% of the assignment price or a 14% annualized gain. ABX shouldn’t go ex-dividend until after the expiration date, so there… Read More DGI Adventure – 01-06-2016 Payday: Covered Call Sale – Barrick Gold Corporation (ABX)