October is turning out to be one of the best Octobers in stock-market history. We started the month with talks about recessions and we returned to the previous range rather quickly. Even though the markets are obviously over bought, they are still very strong, and probably will continue to be bullish seeing the earnings are positive (for the most part) and the holiday are coming. Selling premiums and avoiding the earnings helped for most our positions.
I am continuing to look for more positions, and said on stocktiwts that I’l starting to go into a position in $GE. But note that most of the cos in the list have relative low dividend yield – which is not ideal.
Here are the market sentiment and the $SPY chart:
For our dividend capture strategy,we look for good companies with over 2% yield. The companies distribute dividends in the next 10-30 days. You can follow us on Twitter, where we often publish more trade ideas.
The dividend capture watch-list:
(15 Results. Charts are visible on site and not in email)
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):