Minds Investment Group

Using Covered Calls As Insurance

Update on DJT: Bought 300 shares at 29.90 Sold 3 May 14 $32 covered calls (+$1.27) which expired. Because DJT got hammered the contracts expired. I kept the shares and the cash. Today, after DJT exploded up 20% in a week, I sold 3 contracts May 30 $30 for $1.12. If DJT keeps...See more

#trump#business#djt#investing

constructionist

@constructionist

F (Ford) Covered Calls

Ford is trading in a very dependable range. It is quietly flying under the radar with a 6.2% div and an ultralow 6.6 PE. SO, with that said... bought 5 blocks then sold the covered calls to bank over $200. I'm only on the hook to hold the shares for 5 weeks. That's a 4% return in a little more than a month. Do the math on steady upside. Barring the stock bottoming out, a 4% guaranteed return (in 5 weeks) is nearly a 45% return. The tortoise wins the race. Rinse Repeat

#investing#ford#options#trading#stocks

constructionist

@constructionist

Forex - Not Really My Gig... however

I dropped $550 into a US Oanda account last year for shits and giggles. Always looking for a way to increase income. Cashed out most of it. Now working on a freeroll with just $185 out of pocket. That's a pretty cool return on pennies. Making $10-15 a week on less than $200? No brainer. Thinking about getting a little more serious about Forex.

constructionist

@constructionist

So far, so good. F is hovering right at $10 as expected. I hope it sits in the high 9s, keeping the stock and hedge. Rinse, Repeat. The 6.2% div is the main thing. BTI appears to have hit the ceiling in the $42 range. I'm not as happy selling a LEAP as I thought. It kept going up faster than expected. Limbo, but guaranteed up unless the bottom falls out again. The div is the main thing. DJT seems to have hit the ceiling. It's still a prime candidate to milk a monthly scalp on covered options. Have a great weekend

constructionist

@constructionist

After making a nifty 20% against USD I have flipped to believing it has been oversold.

constructionist

@constructionist

I'm probably going to pull the trigger on RUM again. It had been locked at $7.50 sh when it skyrocketed. I warned all of you that this is exactly what would happen. Now, it has settled down to exactly that. I figure it's 6% undervalued. So, yeppers, I'm thinking buy another 1k shares and sit patiently for it to hit 12 again.

#rumble#rum#investing

constructionist

@constructionist

Abandoned CAD Short With a Small Loss

Added 1000 to GBP long. Just sayin' Do your due diligence!!! I'm only letting you know what I'm doing.

constructionist

@constructionist

BTI went over 42.50 today. I started at $29 and I didn't expect that at all. Shouldn't have sold the 42 LEAPs. Ah well. Up 30% + divs no matter what.

constructionist

@constructionist

A Heads Up On USD

Trump is trying to crash the dollar, which is GENIUS! A cheap dollar screws other bad actors holding dollars. I expect this will be a long-term gig until they come begging to join the US against China. 130 countries so far. 60 more to go. I didn't catch the intention soon enough. Shorted CAD... WRONG! Started shorting USD/GBP and now EUR this morning.

EastBayTruther

@eastbaytruther

Roflmao!

Stupid money

constructionist

@constructionist

The biggest hinderance to the tariff war is that every other country that wants free/fair trade (0%) with the US will need to be in lock step against China. Trump can bring China, the biggest asshat country in the world, to its knees if that happens.

constructionist

@constructionist

USD is skyrocketing. Glad I shorted CAD and GBP pairs. Up 300 PiPs against the pound. Works for me. I'm not heavy on FOREX. It accounts for less than 2% of my portfolio. It's still nice to be up even if it's just a few dollars. I honestly believe the EUR/USD sell is probably the best bet. It should start heading back to parity IMHO As the saying goes "UP IS UP"