Market Review 2022-11-10

Events

The CPI numbers came in better than expected today. That had impact on the market

SPY is still in an down channel, but there is light at the end of the tunnel.

There are 2 important aspects in this chart. SQN, we are back into the neutral space. On the chart this is actually a cup and handle pattern. The height of the the pattern is about 30$, so my target would be about $419.
I would not be surprised if this is the market bottom, but watch out for global events. 
Putin not participating in the G20 summit is not good.
Here is an interesting interview with Jeremy Siegel . It is just 5 minutes long.

Disclosure

I have been beneficially long the shares in SPY, IWM and QQQ. I wrote this article myself and it expresses my own views and opinions. I am not receiving any compensation for this. I have no business relation ship with any company whose stock is mentioned in this article.

I am not an investment advisor or professional. This article is my personal opinion and experience and is not meant to be a recommendation of the purchase or sale of a stock or option. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.

  

Update Week 87 (Oct 31-Nov 4)

 Added

I deviated from my plan and did not add anything. Technology is just so out, that it does not make sense to try to catch the falling knife

Review and Discussion

I have posted a new version of my spreadsheet. This week came $25.47 in dividends. YTD $352.37 and since Inception 407.12

Next Week's Plan (week 88)

As I did not contribute next week, I have $450 this week. This will go as follows: 100$ OHI, 100$ GL, $100 T, $150$ UNM.

Disclaimer

I have been beneficially long with stocks all the items I discuss in the dividend investing. I wrote this article myself and it expresses my own views and opinions. I am not receiving any compensation for this. I have no business relation ship with any company whose stock is mentioned in this article.

I am not an investment advisor or professional. This article is my personal opinion and experience and is not meant to be a recommendation of the purchase or sale of a stock or option. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.

 

Covered Call - KSS - Update 2022-11-06

A Week in Review

Friday's call expired worthless. It was so far out of the money, that I just sold another call, without closing the 11/4 call out. Now this can be risky. If an announcement would come out after hours, that KSS gets called out for 50$/share. I am short 100 shares and have to by them back for 50$.

I sold the Nov-18, 31 call for 33 cents.

With that being said, I got to keep the 54$ from the last option sale. Over all return since September 9th is $194. That is a return of 6.33% ($194/$3065). 

Looking forward

Next expiration is 2 weeks from now. Till then I will just check. Also there is earnings coming up at expiration. So next week, this trade may require some attention.

Disclosure

I have been beneficially long the shares in KSS and short the call in KSS. I wrote this article myself and it expresses my own views and opinions. I am not receiving any compensation for this. I have no business relation ship with any company whose stock is mentioned in this article.

I am not an investment advisor or professional. This article is my personal opinion and experience and is not meant to be a recommendation of the purchase or sale of a stock or option. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.

Covered Call - KSS - Update - 2022-11-02

A Month and then some in Review

There have been a few expirations now for the trade. Today the chart looks like this:

The September call was bought back for 2 cents. The October call gave 22$ of income. On Friday there is a call expiring that gave 54$ of income.

Total $ in the bank since the beginning of the trade is 81+37+22 = 140$. The 54$ are not accounted yet, because it depends on Friday it is determined if I by it back or let it expire.
The price action today and yesterday is not really encouraging, but so far the trading range (cyan) does hold.

Stay tuned.

Disclosure

I have been beneficially long the shares in KSS and short the call in KSS. I wrote this article myself and it expresses my own views and opinions. I am not receiving any compensation for this. I have no business relation ship with any company whose stock is mentioned in this article.

I am not an investment advisor or professional. This article is my personal opinion and experience and is not meant to be a recommendation of the purchase or sale of a stock or option. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.

Update Week 85 and 86 (Oct. 17-29)

Again more busy things in my life.

Added

In the last post the plan for w84/5 was TBD.  And I hadn't added anything in week 84 either. This was a total of 300$ to be invested. They went as follows 100$ each for THW, JEPI and EXG on Oct 18. This coveres week 84 and week 85. Week 86 was last week (starting Oct 24).

Review and Discussion

I did not add anything in week 86 again because of  a lack of planning. This means I get to have 300$ for last week and this week (week 87). I am intrigued by some of the big earnings missing and drops of stocks like AMZN, MSFT and META. My portfolio outline does allow me to have those positions as a growth component. 

Next Week's Plan (week 87)

100$ each in AMZN, MSFT and META. By now the 50 position rule is out the window. Iam at 59 positions. I will have to review the rules for the portfolio and update them. This is a good task for the Thanks Giving week.

Disclaimer

I have been beneficially long with stocks all the items I discuss in the dividend investing. I wrote this article myself and it expresses my own views and opinions. I am not receiving any compensation for this. I have no business relation ship with any company whose stock is mentioned in this article.

I am not an investment advisor or professional. This article is my personal opinion and experience and is not meant to be a recommendation of the purchase or sale of a stock or option. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.

 

Update Week 83 and 84 (Oct. 3-15)

It has been hectic in my life.

Added

As planed I added 75$ in MO  and added IWM with $75 the week of October 3. 

Review and Discussion

I did not add anything last week, not because I didn't have a plan. It was because I didn't pay attention. As I don't plan to beat the market in this account, I think it is fine to skip a week now and then and then invest the skipped payment the week after. 
Over the past 2 months I also redesigned my spreadsheet for the account.  I think I found a format, that now tracks what I want. You can review this here

Next Week's Plan (week 84/85)

TBD

Disclaimer

I have been beneficially long with stocks all the items I discuss in the dividend investing. I wrote this article myself and it expresses my own views and opinions. I am not receiving any compensation for this. I have no business relation ship with any company whose stock is mentioned in this article.

I am not an investment advisor or professional. This article is my personal opinion and experience and is not meant to be a recommendation of the purchase or sale of a stock or option. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.

Update Week 82 (Sep 26-30)

 

Added

As planed I added 75$ INTC and added IWM with $75. 

Review and Discussion

In week 82 $202.35. The month where the quarter ends, usually has the highest dividends.

I am reworking my spreadsheet again. Until this is done, I am only going to post weekly dividends.

Next Week's Plan (week 83)

I am going split this up 50/50 between MO and IWM.

Disclaimer

I have been beneficially long with stocks all the items I discuss in the dividend investing. I wrote this article myself and it expresses my own views and opinions. I am not receiving any compensation for this. I have no business relation ship with any company whose stock is mentioned in this article.

I am not an investment advisor or professional. This article is my personal opinion and experience and is not meant to be a recommendation of the purchase or sale of a stock or option. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.