In June of 2014 I paid 82.5/share for these shares but I've earned $6.5/share selling call options giving me an option adjusted cost of $76/share. I collected another 3% premium on Friday which expires in February.
Friday I sold call options against my shares that I hold in my Roth. The premium was rich but it should be higher Monday.
Yes P/E ratios are above average but interest rates have never been lower and who's to say when they'll go higher? AAPL only trades at 11 times its fcf #s and it yields close to 2% which is more than 5 year treasuries. If I could earn 5% in a 5 year CD than yes the market is high but I can't earn anything close to that.
Sold puts on SPY and AIG and bought some ADX all in IRA #1.
ADX is now 2.6% of my portfolio. This account is still over 20% cash but it's all tied up until Sep options expire.
Good luck, until tomorrow, I'm off to pick hops.
I'm short these in IRA #3---SPDR S&P 500 ETF 8/21/2015 $201.00 Put---They should be put to me but you never know.
Also sold of of the $$$ puts against AAPL that expire prior to their next earnings announcement. Premiums are high right now and may get a lot higher next week if the selloff continues.
Note-Aug options expire today so more $$$ is available Monday.
Looks like I'll be buying more BRK in Sep, because I'm short these options. I was also short the July 140 puts in the same account but they expired worthless last month.
If put to me my BRK holdings will increase by less than 1% and I believe I'll eventually make $$$.
IRA # 1 is only 6% tobacco with the Roth portion making up 27% of the assets in the account. The Roth makes up 14% of the total assets in the combined accounts.
These accounts are also short put options against MO but they're well out of the $$$ so I doubt I'll be buying more.
However, the Roth portion is 26.3% tobacco invested in the following stocks--PM 7.5%, RAI 7.2%, MO 6.8% and ITYBY 4.7%. The IRA portion is all in one stock--PM 12.3%
The Roth portion makes up about 36% of the total assets.
IRA #4 is my smallest IRA.
Note-I do occasionally sell call options against my holdings for added income.
It's been a good year to be in tobacco.
In other news-hop picking has started so it's a good time to relax and have a cold one.
"Warren Buffett keeps getting richer, as the 8.4% premium Sumitomo Life Insurance Co. is paying to buy Symetra Financial Corp. SYA, +7.16% boosted the billionaire's wealth by about $50 million on Tuesday. General Re-New England Asset Management, a subsidiary of Buffett's Berkshire Hathaway Inc. BRK.B, -0.49% owned 20.05 million shares of Symetra as of March 31, or 17.3% of the financial services company's outstanding shares, according to FactSet. The $32 a share Sumitomo is paying for Symetra is $2.48 above Monday's closing price of $29.52, increasing the value of General Re's stake by $49.7 million. Including the previously-announced special dividend of 50 cents a share Symetra is paying its shareholders, Buffett is making $59.7 million."
WTM has the same position.
WTM and BRK both have 17% positions in SYA. It' up about 20% in the last two trading days.
WTM should have a good day on this news.
Symetra shareholders will receive $32 per share in cash at closing, plus a previously announced special dividend of $0.50 per share in cash, payable on Aug. 28.
I believe BRK still owns 15% of SYA and I own it in most of my accounts,
I didn't but I did sell more puts against it today when it was trading down 1% to 213,000/share and SPY was up 1% at 210/share.
BRK historically has traded higher after making major buys. The exception to the rule would be GenRe.
"The company did not buy back any shares during the first half of 2015. Given Berkshire's current book value per share, and the company's ongoing share repurchase authorization, which allows the firm to buy back stock at prices no higher than a 20% premium over book value, Buffett should be willing to buy back stock at prices up to $179,682 per Class A share (or $120 per Class B share), implying a floor on the company's common stock that is about 17% below where Berkshire's shares are trading right now." Morningstar
"Since the beginning of the year, Berkshire’s shareholders’ equity has increased $5.9 billion and our book value per Class A equivalent share has increased by 2.4% to $149,735. Insurance float (the net liabilities we assume under insurance contracts) at June 30, 2015 was $85.1 billion"
I'm wrong again.
"Marcus Mariota has stood out as one of the early rookie stars of training camp (for all that means), turning in another excellent performance during the Titans' Monday night practice. Mariota went 11-for-15 passing, and still has yet to throw an interception in camp.
Of course, there are a thousand ways to interpret practice numbers. Some like CBS's Pete Prisco have presented the hottest take, which is that the fact that Mariota isn't throwing picks is a sign that he's tentative to take chances downfield."
"In contrast to Mariota, Winston had a horrible Monday practice, throwing three interceptions, two of which came on consecutive throws. If Buccaneers fans are worried, that's understandable, too. Jameis Winston was the No. 1 overall pick, after all. But again, rookie quarterbacks are supposed to do dumb things, and to pretend that Winston ought to be polished at this point would be wrong.
Lovie Smith apparently isn't worried:
"We're doing a lot of things that we normally don't do this early," Lovie Smith said. "Defensively too -- to try and give him as many looks as we possibly can. The blitz period is where he had the most trouble. That's how it should be for a young quarterback."
"Graham Holdings (NYSE: GHC) announced that it has completed the previously announced spin-off of Cable ONE (NYSE: CABO). Effective at 12:01 a.m. on July 1, 2015, one share of Cable ONE common stock was distributed for every share of Class A and Class B common stock of Graham Holdings outstanding on the June 15, 2015, record date. Beginning today, Cable ONE will trade on the New York Stock Exchange under the ticker symbol “CABO.”
No action is required by Graham Holdings stockholders to receive the shares of Cable ONE stock. Stockholders who held GHC common stock on June 15, 2015, will receive a book entry account statement reflecting their ownership of CABO common stock or their brokerage account will be credited with the CABO shares."
Another stock in my portfolio to follow.
Capitalization and Shareholders` Equity
At June 30, 2015, Endurance`s shareholders` equity was $3.30 billion or $63.32 per diluted common share versus $3.19 billion or $61.33 per diluted common share at December 31, 2014. For the quarter and six months ended June 30, 2015, Endurance declared and paid common dividends of $0.35 and $0.70 per share, respectively