Token amount in IRA # 1. This account is currently 52% cash. I used option premium paid my account today to purchase today's additional MO shares. MO now makes up about 1.35% of this account's assets.
Current tobacco holdings in this account- LO 9%, PM 4.5% and MO 1.35% all of which may never be sold.
In other news- bought more GMCR coffee and the stock on Friday but sold call options against it that will give me a 15% return in a few weeks if my shares are called away.
Buy "LO" and sell call options high is my motto that and ignore most of what you read on this board.
Bought more LO today at 44.5 a share in IRA #1 and 2, also sold put options against it in #1 that paid me 5% annualized.
I may buy more LO in my Roth IRA next.
Sold more puts against LO in my Roth and was paid a 9% annualized premium. LO is already the largest holding in this account.
In other news-hop picking starts in just one month.