How many will be successful?
It’s time to rebalance the PF as we head through the Christmas rally. Thoughts?
Well, Nokia hasn’t done terribly well. I’m going to stick on my rule: no less than $5 stocks. It’s down 20% since I bought them. I’m exiting 5 of the positions and rolling one, if I can.
- I’m exiting 2 puts to another position and adding a little equity to the pot.
- I’m rolling the $4.5 as far as I can in 2024.
- Then I’ll exit the position step by step: 3.28, 3.38, and 3.48 or thereabouts. Hopefully, that will give me some upside of about $78 on the total position. Not very successful.
TLT is a new one. I’m not even sure that my account allows me to buy this so I’m testing a couple of trades, with no expectation either of them will fill. But if the orders are accepted, then it could be a useful way to trade for a higher dividend, esp. since I am unable to buy so many other funds.
Results: So far, TLT was down .7% so of course it filled at a much higher price. And it was in the money. I rolled it out and down by 7 days and 50c. I’ll probably have to roll it again sometime next week. I probably should have spent more time observing this trade. The $90 purchase of 10 shares would never have filled. So I nixed it.
I tweaked NOK by 2c on the first rung, but on going to bed it still hasn’t filled. Out of 9 orders, only 2 have succeeded/canceled so far.
