Dividend Capture Watchlist for 20-7-2015

The market has proven how quickly it can turn: Last week we saw the peak of the panic with China and Greece constantly in the news. This week the market launched up to upper resistance and didn’t give people who were undecided a chance to join the market. Since we were ready with our buy list we entered our positions, but not enough time has past in still have most of the premium. We wouldn’t enter the market with out hedging (covered call or put for protection) at these levels, as the last 2 times the market reached those levels it sold off.  Since the trend is still bullish I wouldn’t be short, even if I think it will go down.

$SPY is on critical level - 212
$SPY is on critical level – 205

Here is the current market sentiment trend:

Market Trend is bullish and low IV
Market Trend is bullish and low IV

We still feel that the dividend capture strategy will pay off – If market will move up – we will earn premiums and dividends, and if the markets will go down – we hold them to longer-term and will have more cash to re-enter the market. Similarly to previous weeks,  I’ll be focusing on good companies (5 and above) that have dividends yield of more than 2%

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:

Dividend Capture Watchlist 20-7-2015
Dividend Capture Watchlist 20-7-2015

Charts:

(5 Results. Charts are visible on site and not in email)


* Some great results: STX, INTC, HON

 

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