Commodity and Inflation plays just got killed yesterday becuz the Fed moved a couple dots signaling a slight hawkish interest rate move????
Darren, my new personal hero, responded by adding to AROC, EGY and PEYUF, which are some of his commodity plays.
Personally, I started a new position in EGY yesterday and I may add today. AROC? I already have plenty but might sell some close in time put spreads. I’d also like to see PEYUF fall a little further before I reopen a new position.
One industry that has been killing it is SOLAR!. I plan to add today. Maybe SEDG or SUnrun with covered calls of course.
Board is open
Beer, Whiskey and Pizza Investing Club 
Darren is very savvy. I did see that FATBP is down 12% pre-market. They had an offering at just $20. I don’t really care as this is a name I plan to hold for years (not a big position and simply part of a preferred basket to provide me with income). But I’m surprised they couldn’t raise $ at a lower interest rate.
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I did see the new FATBP offering. Luckily I got out of FATBP in May and June with a nice 11% gain (40% annualized). My last sale was for $24.45. I put a bid in at $20 which is the new offering price.
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FATBP got kind of close around opening. Low was $20.70 but bounced up from there. I’ll probably buy again Monday if it stays below $21. 10% yield at that level and some nice upside from there.
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i did read Darren’s comments about the fed statement. I am glad I wasn’t the only one confused by market reaction.
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Bought some AMC 2025 bonds per Darren’s recommendation. With rates rising I’m not all that crazy about bonds but I paid just a smidge over $83 so my yield to maturity is just over 11%. With AMC’s cash hoard from its reddit fueled stock offerings it looks like these bonds are pretty safe and I’ll take the 11% yield until 2025.
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I also opened a position in STW SPAC pick AUS for 9.98. Paid just a little more than I wanted just to open this tracking/starter position.
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STW is “Sifting the World”
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Also looking at AUS warrants. AUS is pre-deal so while I”m guaranteed at least $10 for my shares if the deal doesn’t get done, it’s my understanding that the warrants would just become worthless.
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Banks have been crushed lately. I think this interest rate hissy fit is overblown so there should be a growing opportunity here. But not yet? I like MS for their changing business model emphasizing wealth management and I have owned profitably in the past
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All red Pre-market for me. Gonna be an ugly open
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Added a little to AROC at 8.81
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Rolled my ENPH June 165 calls to July. for a net credit of 10.82. per call. Like this a lot!
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ENPH continued up another 2.35% today but got no help from any other names. Down 125 bps. UGH. Not a good week but I think I beat the markets.
I did manage to start a position in the SPAC AUS and I joined Marshall in a smalll MMACW position which was up 7.14% today on really really light volume.
Next week has got to be better, Eh?
Everyone have a great father’s day weekend..
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Jeff – you definitely beat me again. I was down another 190 bps. So pretty crummy week. I’m now down 1.7% for June. Should’ve sold in May and stayed away.
My only bright spot were my warrants, up again.
I was pretty busy Friday, so no transactions. Not sure what I would buy, but looking quickly NMM at 26.50 is very cheap as is RGA, now at $112. SBSW has been thumped down to 16.02, but I clearly have enough metals exposure.
WMPN down 5.7% seems crazy as well.
My AMBC puts expired yesterday, i banked $10,000. Also my $15 GLNG calls that I sold for a hefty $2.70 (can you believe I got that much!!!) expired. Wish I had sold more!
Have a great father’s day weekend. We’re going to a resort at Stowe Mountain in Vermont. Should be nice.
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I like WMPN and may add a little next week.
Congrats on your GLNG calls! That $2.70 was HUGE. I did manage to sell some Jun4 $15 calls for about half my shares but kind of a drop in the bucket at 10 cents. I’m reluctant to go out too far on GLNG calls because I still think that one day, some day, I’ll wake up and GLNG shoots up to $20. Of course I’ve now been waiting close to 2 friggin years! DAMN “G” stocks!!!!
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GLNG is a double G stock
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