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In a World Gone Crazy, GOOD and Boring Is a 'Perfect' Antidote

In a World Gone Crazy, GOOD and Boring Is a 'Perfect' Antidote

GOOD, a REIT, reported 1Q23 results this week that were indeed "good," and my faith in the company's ability to continue paying the monthly dividends on its and series of preferreds was bolstered by the confident words from David Gladstone and his team on GOOD's earnings call Thursday. Robinhood only offers options thru year-end 2023 on GOOD, but a wiser call would be to go further in the future. Because of GOOD's massive monthly common dividend payout and relative illiquidity, those 12/23 $12.50 calls were actually bid at $0.60/ask at $0.75 when I bought them, which is far less than the difference between the current price and the strike price.