Rocky’s Weekly Stock Picks
This would be a great week to just roll NAK/RIOT/WKHS/ORC/BBIG . NAK is up, RIOT is down, WKHS is at its bottom (or so we speculate), ORC for the dividend, and BBIG covered call for 10%+ return for the week.
Let’s just pretend, hypothetically, that after investing in our go-to’s for the week, someone slips a check under your door, made out to Cash, for the exact amount you just spent. Without questioning the circumstances, we’re immediately depositing it and investing the funds. Let’s see what looks juicy.
ARBK - $16.60 a share after market close. This is like the UK counterpart to RIOT. Their crypto mining operations, while significant, aren’t the company’s only means of revenue. The company did just IPO last week, however we feel confident in seeing ARBK having a floor of at least $20.
ADIL - $4.63 per share. Some time ago we started buying warrants for ADIL, and regret not buying more. Shares just recently went from $2.50-ish to $4+, and we expect to see this continue in the short and mid-term. Options are now trading for this symbol.
The thing with a pill that lets you beat alcoholism without abstinence, is that it’s not possible. Therefore, we went with the warrants and intend to cash out sooner than later. Probably about a month after the drug is available.
The thing with alcoholics is, they’ll try literally anything to be able to control their drinking. Eventually people will realize it doesn’t work (because it won’t).
TMC - At $5.13 share price, one might be wary of this stock at first. We don’t really care about the shares. What we want is to write a covered call. Rather, a poor man’s covered call. A buy-write ITM gives us 12.9% return on the week, or if we like, go OTM for 10%.
CCXI - $18.50 a share, with a 38.9% return! Specifically on an ITM call written for October 15th. Alternately, if we prefer OTM, we can still get a 38.1% return by going far out of the money. Either way, this is definitely a play we want a part of.
MAIN - $41.50 a share, we aren’t buying this for options trades. We are buying it for the 6.1% dividend, with ex-div on 9/29. This is a Business Development Company, or BDC. HIlarious.
BDC’s are a lot like REITs, in pretty much every way. The difference is in what they do. BDC’s don’t invest in real estate, they invest in business development. Main Street Capital, while not the highest yielding, is pretty much guaranteed to do well. They have the most powerful name, after all.
This Wednesday, the 29th, a few dozen equities are going ex-div. We recommend taking a look at an ex-div calendar.
