I bought more AAPL in IRA #1 today upping my position by about 30% and I sold an Aug call option against my new shares.
Also sold BERKSHIRE HATHAWAY 9/16/2016 $150.00 Call Grandma's account. She's currently 30% cash and rising.
I also bought more BRK in my Roth IRA using the proceeds from a sell of PM but I sold call opts.
Invest all your $$$ in ducks, chicken and water barrels to catch and store rainwater and you'll be set for life.
Paid $14.0899/share for a 1.25% position. She also has a 3.66% holding in GM.
F trades at about 7 times earnings and has a dividend yield over 4% but they could easily raise it 50% if they desired. She'll sell call options if F rallies above 16 in the next few months. F should be trading closer to 20 than 14.
In the old days this couldn't be done due to the high cost of commissions.
Due to Grandma's medical costs, gains on stocks and taxes are no longer an issue-much like all the IRAs I'm investing. She now has a fulltime caregiver that eats away all her stock gains.
Over the next few months she has a few stocks the could/should be called away due to call options that are currently in the $$$. In late June I'll list her top 10 holdings and also double her monthly distribution check.
Sold these in IRA #2 a few days ago--BERKSHIRE HATHAWAY 12/16/2016 $165.00 Call--paid $.9/share.
Also bought more GOOG 697/share in same account. GOOG is now a 1.3% position.
IRA #1-STX shares put to me at a large loss-opt adj cost is 32.33/sh and potential gains are limited to 33 through Jan 2017.
STX is now 5.7% of the assets in this account making it 2nd largest position.
Current price of STX is 26 and it has a quarterly dividend of .63/share.
Today with PM trading down $.32/share to 96.6, she sold these-PHILIP MORRIS INTL 5/20/2016 $98.00 Call
Grandma needs both income and $$$ to pay medical bills so she needs to sell all her overpriced stocks.