Published: 2012-08-14 15:40:00 EDT by
With the cash I freed by STC my ZNGA and CIM positions, I first BTO, as a trade, Puts against FB. My reasons being that I don't see them bottoming at this current time and that I believe the lockout which expires this week will result in an even lower price. Next I BTO a position into AGNC another REIT with growth and a better dividend than CIM and it's commercial counter-part NLY. These trades were made on the same 27th of July
Finally, on the 8th of August I BTO a position in ETP. I believe the price has become low enough that the dividend yield is too attractive not to buy. I want to continue to add to this position as time goes by but the majority of my free cash is not allocated for positions in a few other stocks to balance out my monthly dividend payout strategy. I will allocate more cash to purchase ETP and the other dividend paying stocks in my portfolio as the capital gets added from my day job. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
AGNC - American Capital Agency Corp.
BTO - buy-to-open / bought-to-open
CIM - Chimera Investment Corporation
ETP - Energy Transfer Partners LP
FB - Facebook, Inc.
STC - sell-to-close / sold-to-close
ZNGA - Zynga Inc.
Labels: dividend, dividend yield, dividends, option picks, option strategies, stock picks, stock strategies, trade terminology in use
Updated: 2012-08-14 15:41:02 EDT
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