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Rocky’s Weekly Stock Picks

Stout Theirish

As we continue to trade successfully, we become more confident. This allows us to take on greater risk with more certainty of reward. This is why it’s important to question every risk twice. Or maybe your thing is a fixed dollar amount or number of shares in a certain amount of time.

  1. F - Saw some profit on multi-leg option credits and debits, but also own shares and like to write covered calls weekly. And we always love a good dividend. In Ford’s case, we’ll settle for sub-mediocre. 2021/2022 will probably be a phenomenal timeframe for Ford’s share price. Pretty much the only thing it won’t do is fall below minimum wage*. Normal minimum wage, not federal.


    *There is absolutely no causation. The correlation is purely coincidental.

  2. ET - This is a lot like Ford in its features and share price. Recent volatility has pushed options premiums up (obviously). It’ll likely drop a little bit, I think. 70% sure about it. For short-term trading, it might be iffy. For writing OTM calls and holding for dividends, though, the price is right.|

  3. ATOS - This stock is like $4.50 a share, but has a lot more volatility than NOK. It recently hit $6. Weekly options, no dividends, though. I like the $4-5 stocks like this. RIOT was a stock like this.

  4. GWRS - At $16.75 a share, and anticipated drop in short-term price, the $0.02 a month is kind of lackluster. This is a water resource management company operating in and out of Phoenix, AZ, however. If you screw up water management in Michigan, you get Flint. Screw it up in desert city and you get dead.

    Additionally, Water is now a tradeable commodity. I didn’t read the entire article, so I’m not sure if it’s futures, or whatever. Either way, water apparently has a dollar value now.

  5. OPP - Are you down with OPP? Yeah, you know me. OPP is called "a Strategic Opportunity Fund”. That may or may not matter for you, but the numbers are $15.90 share price, $0.159 dividend. 1% a month. The dividend has decreased over the last year, but we aren’t worried. After 100 months, or 8.3 years, we expect to have earned our money back regardless of price fluctuations.

We chose to reduce our risk taking this week. Patience pays off.