Icahn Enterprises, L.P. (IEP)
From 37 to 140 plus today.
Thank you Mr. Iconmakeyousome$. Note: I'm only short puts and now is not the time to sell any more.
"I can hear music"
If you're willing to buy PM at 85.5 per share then shouldn't you also be interested in adding to your position if it dropped another 4%?
I tend to sell puts against stocks I'm buying as was the case with AAPL. Sadly, most of the stocks I'm buying are now paying next to nothing for put premiums so doing nothing is the right thing to do.
However, I do have a few stocks in my sights. Just look at CF which was up 10% today-it's a free cash flow machine. Maybe it drops 10% next week and it's like selling puts against AAPL at 400.
I'm short these covered in my personal account- GREEN MTN COFFEE ROASTER 12/27/2013 $75.00 Call
If they expire worthless I'll sell March 80s next. All option proceeds will be used to buy GMCR coffee for a charity auction I donate to every year.
More gold is coming forth from the depths of the earth everyday.
Today I back to another GMCR brand-Donut and it too I'd give a 7.
I'm still looking for the perfect 10 but I'm not willing to pay $.60 per cup. Perhaps I'll pay up a little because of the holidays.
I'd rather they just continue to buy back their shares and raise the dividend every year. This company is worth 300 and has been buying back shares for 210 that's how wealth is created.
Safeway had a special last week and my wife can't say no to a deal. I'm having my first cup today and it's ok for the $.40 per cup she paid for them. On a scale of 1-10 I'd give their brand a 7.
Currently long GMCR and short Dec 75 and Jan 85 call options and when they expire I'll continue to sell more options.
In my farm account I increased my PM stake by 20% today to 5.5% of the account assets making PM the 5th largest holding in this account.
Sold the balance of my SYA shares to fund the purchase and also increased the cash in this account by about 10% to 5.7% of its assets.
This was in Roth IRA #2. The purchase increased my holdings by 40% to 15.2% of this account's assets making IBM the 3rd largest holding in this account.
Top 10 holdings in this IRA: 1-LO-23.2%, 2-STX-15.4%, 3-IBM above, 4-PM-14.8%, 5-BRKb-11%, 6-COP-4.6%, 7-AIG-2.9%, 8-JPM-1.8%, 9-MRH-1.7%, 10-MO-1.4% with the balance in cash and AAPL.
At lease on one side of the family. How long before the other side catches on?
LO is up over 36% this year with dividends included which means in dollar terms even after selling 28% of my shares I still have more cash invested in LO now than I did in January of this year.
Note-the S&P 500 is up about 29% this year with dividends included. This IRA is only up 17% year to date because it's still 45% cash which is used to write put options. You're lucky if you can earn 1% per month selling puts which is half that of the overall market this year.
I'll continue to buy high yielding stocks as cash becomes available and just live off the dividends over the coming months.
I also bought more AIG today at 49.4 per share and sold call options against it for added income. AIG currently trades at a deep discount to its book value and they're buying back their own shares-14% last year. If it's not trading above 60 next year I'll quit posting here for a year.
This was done in IRA #1 which is my largest IRA- Sold 28% of my LO and increased PM by 19% and AIG by 140%.
LO was called away at 50 for its dividend, I paid 85.13 for PM and 49.40 for AIG. Note-also sold out of the $$$ call options against AIG.
This account is currently 45% cash which is used for selling put options.
I too am a first time buyer-13.5 via puts I was already short-[that assumes the stock is put to meat 15] and I sold more put options today-April- 12s which paid me 70cents per share.