Keeping it moving.

If it seems like we aren’t doing a lot of options plays lately, it’s because we aren’t. We are still putting out some covered calls and cash-secured puts, but by and large we’re just coasting and increasing our holdings with regular distributions.

We can’t advise on something we aren’t looking on. That’d be irresponsible as hell.

1. ORC - $ 9.97/share, ex-div 6/29. This REIT has seen its price and distributions fall substantially, but it still yields a double-digit average.
   
   

2. PVL - $2.47/share, ex-div 6/29, high double digit average yield. Oil and gas royalties. Cha-ching!
   
   

3. SJT - $6.91/share, ex-div 6/29, this natural gas company’s share price is trading at a deep discount. TD Ameritrade can’t even keep up, annualizing its returns at over 29%! Practically speaking, this is going to be around 12-14%, which is the reliable norm for this particular symbol.
   
   

4. SQFT - $0.846/share, ex-div 6/26. While we are missing the ex-div this month, we want to take advantage of the crazy low price while we can. Also, this helps expose us to commercial real estate.
   
   Why on Earth would we want to do that in this economy? Don’t be silly, those buildings aren’t going anywhere. (Maybe in some darker neighborhoods they’ll start bulldozing, but we doubt it).
   
   

5. HWM - $57.50, ex-div 6/8, 6.52% yield. This actually a preferred stock. Howmet is an aerospace and defense company. That’s really all we know.
   
   We initially searched for the lowest yielding stock with an ex-div upcoming, and found one in aerospace/defense. That company, HEI, had practically no yield but massive profits and gains in share price.
   
   Then we ended up on Howmet. Check out HEI, though. It’s currently around $170/share.