Rocky’s Weekly Stock Picks
Day Trading in the Metaverse
This week is a very special week. Good special or bad special, though, remains to be determined. RIOT is UNDER $12 a share. I want to assume it’ll jump up on Monday just like last time this happened, but that kind of thinking got us into trouble on some multi-contract orders.
Our plan is to buy, buy, buy. We can’t form a proper recommendation, though, as under different circumstances we might be writing far-out ITM calls to try to exit the position and secure some kind of profit.
If you believe in Bitcoin, this might be a great chance to buy an equity that is greatly influenced by the BTC exchange rate.
If you believe in Ethereum, then definitely buy. “Ethereum - A Necessary Evil” or , “Ethereum - And You Thought BP’s Gas Prices Were High”.
HCDIP - Ex-div on Thursday, $15.64 a share, annualized return of over 13%. These preferred shares are not available on Robinhood. Think or Swim or M1 should allow you to buy preferred stock shares; but we’re not going to bother checking.
ORC - $2.91 a share, ex-div Thursday! Orchid Island Capital has been paying out double digits for a while now, some 18%. That sounds a little bigger than it is - the 199A dividends will decrease the longer the price stays as low as it is. Still, we were looking at over 10% at $5.
BBBY - Bed, Bath, and Beyond. $17.35 a share, weekly options. Covered calls are looking juicy, and we like BBBY to begin with. We’re willing to accept the risk that the price drops further.
AM - Antero Midstream, $10.56 a share. Is there anything more to really say? Ex-div on Wednesday, 8.5% annual yield.
(Midstream companies are the ones that move oil and natural gas.)
This one does not operate as a limited partnership. So if K-1’s aren’t your thing, this is a great way to get exposure to that sweet, sweet, oil money.ALIN/PRB and ALIN/PRE - Both are $3.71 a share, and both yield over $2 a year. Preferred Series E has a slightly higher dividend, and no call until 2025.
Series B’s call date is scheduled for May 22, 2022. Coupon price is the standard $25.
