Protect your portfolio and making some money too

[METFAN]

VERY IMPORTANT..Until we see the presidents real health and any lasting affects: MAKE SURE ALL YOUR STOP LOSSES ARE IN PLACE

FYI ENERGY TRANSFER (ET) is a stock that is trading under 5.50 and yet gives a dividend of $1.22 annually which is over 22% at the current price. Remember it takes a few days to settle. Buy it in late October.

On a weekly basis I like to create my own vertical put spreads but only on stocks I want to own or due own
ZILLOW GROUP ZG is a great stock that has continually grown. Giving the current housing needs and new construction, I don't see it coming back down any time soon. rather than use a vertical put spread where you pay the high price and collect the low price, I prefer too create my own.

I am selling the oct 16 95 puts @ .85 and buying the 90 put for .35 creating a .50 credit spread =$50 per option I am tying up $10000 per option to do so on a stock currently sitting @ $108.

I am also buying $500 shares of Sand . Sand is a gold royalty stock currently trading around $8.50. I will than sell the Nov $10 call earning$20 per option or $100 for $5 if gold takes off the stock could go over $10 but you profit will be limited to $10 or a $1.50 profit + .20 =$1.70 on an $8.50 stock or $20%

Good Luck and feel free to share your views

 

[Bozzie]

Nice

 

[METFAN]

oops 500sh not $500 of SAND

Also look at the ARK ETFS , they are run by one of the smartest if not the smartest woman on Wall street..Catherine Wood..Just left an extremely high paying job to Manage these funds and if you look at the track record..WOW

Either you can buy the
ETF or you can look at the top holdings in each and buy do a spread sheet and buy that way. For example:

In the Health ETF the largest investment is in CRISPR (around 10%) meaning every $100 invested basically $10 is in Crispr. If that is good enough for MS WOOD
it is certainly good enough for us..no?

the top 3 I prefer are

ARKG
ARKF
ARKW and in that order..Keep a tight lid on your stop losses and update daily as the market moves . Zillow Group now over $111 stop loss moved up to $108.50

So many at the Casino say playing with house money..How is it "HOUSE MONEY" IF It is in your wallet???

 

[METFAN]

Just made the following transaction:

VERTICAL PUT SPREAD: SYMBOL SHOP (SHOPIFY)

SOLD OCT 9 $995 PUTS FOR $5.01
BOUGHT OCT 09 $985 FOR $3.91

CREDIT SPREAD OF $1.10 =$110 PER OPTION less commission

This week I bought 5 last week 10..

YOU CAN DO THIS EVERY WEEK

 

[Bozzie]

Witch ARK do you like....?
I've watched the Q for a bit but haven't stepped up.

You trade equities straight up at all? or are derivatives your main vehicle?

Very interesting, glad you're here.

 

[Bozzie]

Missed this....got it.



ARKG
ARKF
ARKW and in that order..Keep a tight lid on your stop losses and update daily as the market moves . Zillow Group now over $111 stop loss moved up to $108.50

 

[METFAN]

yes Bozzie..i like Arkf .Less expensive and deals mostly with what I will call 5G
Arkg is health and should pop some with Covid cures come out.
Again with ETFs it is ALWAYS best to look at the top 10 investments they are in and buy what suits your comfort levels.Feel free to ask.Personally I buy very few long term investments The Ark EATS and ET are the exception.I am looking for fast 10-20 percent hits.if not at least 5%after 2 -3 months then bye bye

 

[TheFalls]

I got the ARK's model for Tesla last year...where they had it running up to $6k bull and $600 bear by 2023. (pre-split) the numbers looked ridiculous back then...ARK's largest positions were in TSLA so I didn't quite believe it, but it did convince me to buy.
I only found out about ARK because I was snooping around one of our PM's left to start a new fund under a diff RIA...under Resolute which also houses ARK.

 

[METFAN]

And what do you think of the funds?What has been your growth since you got it?

 

[Bruno2]

METFAN if you dont mind a question as I am a novice. Why do you say to buy ET late October versus now? Thank you!

 

[METFAN]

You can ask me any questions. I like to buy and sell vertical put spreads. so I will do that and buy ET near the end of the month using the profits. The stock doesn't move too much but if you just want to buy and hold it long term Bruno then buying it now makes sense.Again ask me any questons better to ask a stupid question than make a stupid trade.

 

[METFAN]

ARK FUNDS are exploding

 

[METFAN]

ARKG going to explode on Pfizer news