Rocky’s Weekly Stock Picks
It’s Labor Day weekend, which means markets are closed on Monday.
We’re keeping it both lazy and real this week. This week’s picks are stocks we -actually- purchased!
T - $14.65/share, weekly options, next ex-div in early October. ATT is pretty well-known for a solid yield of 7-8%. It’s pretty much how they keep the lights on.
Also, huge contracts with commercial and industrial customers. Lily might be cute, but she sure as shit isn’t what’s keep the lights on.ET - $13.62/share, weekly options, ex-div 8/21. You just cannot go wrong with this PTP. You won’t even need to file an out-of-state tax return!
KNOP - $5.31/share, monthly options, and a dividend that fluctuates with share price. This company is based in the United Kingdom, giving us exposure to foreign lands!
SLRC - $15.16/share, monthly options, over 10% yield from distributions. It’s hard to keep track of what schedule they’re on, but we’re fairly certain that it’s quarterly + specials. Regardless, we like to invest in this investment company.
ARR - $4.93/share, ex-div 9/14. This REIT is about to undergo a reverse split. So if you want to sell some far-OTM calls, now might be the time.
Of course, if the price somehow has a massive rally post-reverse-split, then it’ll be hard to offload the non-standard option, but cest la vie.
The worst part about closing non-standard options positions is having to call your brokerage and you just know that they know that you don’t know half of what they know just from working customer service. Ugh.
