I bought some CATO the other day at about $9.36/share!
I've been trying to sell some calls with a strike of 10, potentially a great way to get income? The only problem is that the bid/ask is WAY too wide, and the volume of trades is pretty thin.
As always, you did a good analysis of CATO. I think CATO will be a very good way to ride out a rough market, especially when you add back the dividends/buyback/call writing.
The lower and wilder the market gets, the more bargains there are out there.
Thank you again for your thoughts. I did not think about the covered call angle, but that does make it interesting from a total return standpoint. Maybe write on half to keep any optionality on a tender or something like that.
Are you harvesting my brain waves?! (hahahaha)
I bought some CATO the other day at about $9.36/share!
I've been trying to sell some calls with a strike of 10, potentially a great way to get income? The only problem is that the bid/ask is WAY too wide, and the volume of trades is pretty thin.
As always, you did a good analysis of CATO. I think CATO will be a very good way to ride out a rough market, especially when you add back the dividends/buyback/call writing.
The lower and wilder the market gets, the more bargains there are out there.
Thank you again for your thoughts. I did not think about the covered call angle, but that does make it interesting from a total return standpoint. Maybe write on half to keep any optionality on a tender or something like that.