DGI Adventure – 01-28-2016 Market Musings – Unit Investment Trust Liquidation

Back in May of 2014 I was talked into buying a Unit Investment Trust (UIT) in my beneficiary IRA account. The ticker for it was FGRLEXR, although most places on the innerwebs didn’t recognize that ticker. It was #23 in a series of “Capital Strength” trusts. It liquidated this week. It didn’t do very well.… Read More DGI Adventure – 01-28-2016 Market Musings – Unit Investment Trust Liquidation

DGI Adventure – 01-06-2016 Payday: Covered Call Sale – Barrick Gold Corporation (ABX)

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)