Markets are not moving up but also are not moving down. This “choppiness” is still good to our position though the low implied volatility leads to less premium collected – I’m still mainly in covered calls and protective puts. Current market:
We feel that the dividend capture strategy will continue to pay off – If market will move up or stay – we will earn premiums and dividends, and if the markets will go down – we hold them to relative short-term and will have more cash to re-enter the market (I’m also buying protective puts). Similarly to previous weeks, I’ll be focusing on great companies (8 and above) that have dividends yield of more than 2% (using our new feature) .
As a reminder: I’m looking to open positions in good companies that distribute dividends in the next 5-30 days. I’m selling covered calls on those stocks so I will profit from the dividend and the option premium. You can follow us on Twitter, where we often publish more trade ideas.
The dividend capture watch-list:
(5 Results. Charts are visible on site and not in email)
* I already own JPM (via warrants) so I am not looking at USB. I like GPS and GES.
Try OptionSamurai for free:
- Analyse those stocks directly in OptionSamurai
- We have a dividend capture scanner that you can use to find trades or customize to fit your needs (you can try in the free demo):