NASDAQ:PFF iShares Preferred and Income Securities ETF
Having a hard time with ideas to get long as the market sells off. TLT doesn't seem to play well but the preferreds (mostly bank stocks) are down nicely. I like the yield and I like that preferred means they may not gut the dividend like all the other "so-called" safe names i.e. COP, GE , KMI . I have had some trouble trading bond products so I am just selling 3 A.T.M. puts in January for .30 to initiate a long position with a better price entry. Wish me luck
Trade closed: target reached: Trade closed, options expired worthless
Trade active: Sold the 35 strike with 177 days in July for .75 would like to have laddered out but those are the furthest out they have. Price has recovered some but 64% I.V.R. makes the trade still viable in my book
Trade closed manually: Closed puts today for .50 even for 25%. Need to take in some cash to deploy more trades and this one has more risk and a long time to wait for the rest of the premium to come out......plus if everyone is watching financials as the linchpin to this market I may get a better chance to buy lower if Brexit or some other "event" such as a rate hike or cut can move this product lower for me.