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Strategies & Market Trends : Dividend investing for retirement

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To: Ditchdigger who wrote (16058)	6/24/2013 9:54:29 AM
From: E_K_S	Read Replies (1) of 34328

Hi Ditch - Re: SFL Probably a pretty good entry point at $14.70/share. Remember just last week the company did a 8Mln share secondary at $16.45/share. Stock should eventually recover and if/when they deploy those funds and buy a drill platform as rumored, that should provide a good income stream for many years. My strategy was to set up a covered call and naked put strategy selling the Nov $17.5 Calls for $1.50/contract and selling naked Nov $15 Puts for $1.25/contract. I have shares w/ a low cost basis (less than $9.00/share). I want to maintain my shares and collect that 10% dividend but only add new shares below $15.00/share. I did sell 50% of my core position last year by selling a $15.00/share covered call for $1.10/share. So Now, I would like to buy those shares back using naked Puts sparingly. All this is done in the taxable account so I will take a big tax hit if my shares are called away. I have no plan on selling my low cost shares. EKS

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