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As I mentioned in another thread, I went mostly to cash prior to the election (I'm about 50% cash right now). Turns out staying in most equities was safe and profitable. I still did okay, the only position I really regret selling was MSFT at $207 only to watch it run up to $220s.

During the week. I only made a couple trades.

I played GM earnings for a decent profit. I went long and then sold a strangle option, $37.50 call and $35 put. The call option ended up getting assigned even though the stock closed at $37.47.

I also sold a KSS weekly put for $20.50.

Next week I'm looking at selling GM, KSS, GE, JPM, and XOM puts. I'm also considering going long on more XOM shares as they go ex-div next week. Then I would likely sell calls on the position.

I'm still watching the political nonsense. There is decent money to be made selling options right now, but I don't want to get stuck being assigned a bunch of shares at a loss if political situation changes, or having to roll out contracts way into the future to prevent them.

There is still the COVID question too. KSS reports earnings on the 17th. I feel the numbers will be good. Outlook is another thing. Will there be lock downs during holiday shopping season? That would be devastating.

As I mentioned in another thread, I went mostly to cash prior to the election (I'm about 50% cash right now). Turns out staying in most equities was safe and profitable. I still did okay, the only position I really regret selling was MSFT at $207 only to watch it run up to $220s. During the week. I only made a couple trades. I played GM earnings for a decent profit. I went long and then sold a strangle option, $37.50 call and $35 put. The call option ended up getting assigned even though the stock closed at $37.47. I also sold a KSS weekly put for $20.50. Next week I'm looking at selling GM, KSS, GE, JPM, and XOM puts. I'm also considering going long on more XOM shares as they go ex-div next week. Then I would likely sell calls on the position. I'm still watching the political nonsense. There is decent money to be made selling options right now, but I don't want to get stuck being assigned a bunch of shares at a loss if political situation changes, or having to roll out contracts way into the future to prevent them. There is still the COVID question too. KSS reports earnings on the 17th. I feel the numbers will be good. Outlook is another thing. Will there be lock downs during holiday shopping season? That would be devastating.

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[–] • 3 pts

I have some shares of a corporate mortgage trust, TRMT. Bought it just as a small portfolio diversification back when they were sitting below $2. Good earnings this quarter, now they're sitting at $3.66, so I'm pretty happy with this one's performace.

[–] • 2 pts

Very nice.

I'm long on TWO and sold RWT as part of my pre-election purge. mREITs have done well for those who bought during the 'crisis' glad you got in.

You have to be happy with how GEs has been doing too. I've been very impressed with Culp. The more I see and hear about him the more I like him.

[–] • 2 pts

I am happy with how GE has come along, and F isn't doing that bad either.

I'm actually stashing some cash right now in the event we get another scamdemic lockdown and prices stumble again.