Rocky’s Weekly Stock Picks
This week is a short week, on account of Memorial Day. Well, shucks. Let’s see what we feel like buying come Tuesday.
DSX - Diana Shipping $6.42/share, ex-div on Thursday. $0.25/share. Options trade monthly.
SBLK - $32.54 , ex-div Thursday, annualizing at 20%! This is another shipping company, focusing primarily on raw materials such as bauxite, iron ore, and fertilizers. They operate in the Indo-Pacific. Nice! They’re based in Greece, which seems to be a common thread with these shipping companies.
FSD - $12.98 , ex-div Wednesday, pays monthly. 9.71% annualized. The price is down a bit, which works out great for us.
RDBX - $7.71/share, weekly options. Redbox is probably never going away. As long as it’s willing to pay even a dollar, Wal-Mart definitely has space for rent that isn’t being filled.
More importantly, it’s really volatile at the moment, great for options premiums. We’ll probably start with a CSP and go from there.CHWY -$27.11 , no dividends, weekly options. Our approach here is that the price is a discount, and it’s not likely to go much lower.
