longlake95 Posted July 13, 2021 Share Posted July 13, 2021 a little more SNC Link to comment Share on other sites More sharing options...
Gregmal Posted July 13, 2021 Share Posted July 13, 2021 MSGE Link to comment Share on other sites More sharing options...
Castanza Posted July 14, 2021 Share Posted July 14, 2021 (edited) Small adds to CAG, KMB, CPB and VZ Edited July 14, 2021 by Castanza Link to comment Share on other sites More sharing options...
Gregmal Posted July 14, 2021 Share Posted July 14, 2021 On 7/9/2021 at 3:02 PM, Gregmal said: Continuing to play whack a mole, smashing the bid on weekly CLF puts. Also added a bit more JOE too today. Also started small BRG position earlier in the week. Disclaimer, dont follow me on this....its a shitshow schemeco IMO that hides behind great assets, but I think the force is strong enough on this one to grab $1-2 per share in relatively short order. Sold BRG for a quick 70c. Flipped proceeds into more PSTH. Link to comment Share on other sites More sharing options...
gokou3 Posted July 14, 2021 Share Posted July 14, 2021 Have been buying Suncor (SU) lately, with the latest purchase today at US$22.02. Close to 20% 2022 FCFE yield if WTI oil can stay above US$60/bbl. Link to comment Share on other sites More sharing options...
fareastwarriors Posted July 15, 2021 Share Posted July 15, 2021 (edited) Picked up some more PSTH.WS Edited July 15, 2021 by fareastwarriors Link to comment Share on other sites More sharing options...
Castanza Posted July 15, 2021 Share Posted July 15, 2021 9 minutes ago, fareastwarriors said: Picked up some more PSTH.WS Why warrants? I picked up a little more common Link to comment Share on other sites More sharing options...
fareastwarriors Posted July 15, 2021 Share Posted July 15, 2021 (edited) 20 minutes ago, Castanza said: Why warrants? I picked up a little more common Well this is embarrassing. The reason is I forgot I had an outstanding limit order for it... I usually have a bunch of orders outstanding at various price points for my holdings. Edited July 15, 2021 by fareastwarriors Link to comment Share on other sites More sharing options...
CorpRaider Posted July 15, 2021 Share Posted July 15, 2021 (edited) You mean you had a Ulysses contract with yourself to buy at a price in order to overcome the behavioral challenges inherent in the human condition? You rational market participant you. Edited July 15, 2021 by CorpRaider Link to comment Share on other sites More sharing options...
rkbabang Posted July 15, 2021 Share Posted July 15, 2021 1 hour ago, fareastwarriors said: Well this is embarrassing. The reason is I forgot I had an outstanding limit order for it... I usually have a bunch of orders outstanding at various price points for my holdings. I was going to ask the exact same question as Castanza. I picked up some more common today as well. Link to comment Share on other sites More sharing options...
maplevalue Posted July 16, 2021 Share Posted July 16, 2021 FFH (PB discount getting silly) MRG.UN (real yields in US crazy low + immigration/return of international students to Canada in fall should help with rents) Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted July 16, 2021 Share Posted July 16, 2021 Not all today, but recent moves in the past week or so. Opened put positions in HYG Locked in bulk of profits from my TLT call spreads. Rolled my long put spreads in Apple forward to October Reopened put spreads in American Airlines to October Added to FIH with intention of participating in the tender with my newly acquired shares Added to FFH as I cannot fathom how it continues to trade so cheap as book value is exploding Link to comment Share on other sites More sharing options...
Gregmal Posted July 16, 2021 Share Posted July 16, 2021 27 minutes ago, TwoCitiesCapital said: Added to FFH as I cannot fathom how it continues to trade so cheap as book value is exploding Anyhow, added a good bit to MSGE. Not sure what kind of retard is selling at this valuation...from those I've talked with mainly its folks who dont like that its not a "pureplay" or have concerns about Dolan....ironically enough, basically the type of people who make those claims but then own crap like Viacom or the Malone entities....(hint, Dolan has destroyed Malone in terms of capital allocation over the past decade, but let the narrative persist). Anyhow, at $75 you can basically write down the entire Sphere to land plus scrap and still get upside. And who knows, maybe Boyar is right about MSGN and its worth 50% more than they paid(I dont see that, but who knows?) Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted July 16, 2021 Share Posted July 16, 2021 30 minutes ago, Gregmal said: Anyhow, added a good bit to MSGE. Not sure what kind of retard is selling at this valuation...from those I've talked with mainly its folks who dont like that its not a "pureplay" or have concerns about Dolan....ironically enough, basically the type of people who make those claims but then own crap like Viacom or the Malone entities....(hint, Dolan has destroyed Malone in terms of capital allocation over the past decade, but let the narrative persist). Anyhow, at $75 you can basically write down the entire Sphere to land plus scrap and still get upside. And who knows, maybe Boyar is right about MSGN and its worth 50% more than they paid(I dont see that, but who knows?) I think that's too simple of an answer. This shit traded at $550-600 USD/share back in 2018/2019 with the same guy in charge and the same historical mistakes. I made the case back then it was hard to see how they'd get a reasonable return on the share price from that level and sold my entire position. A commentary on the market environment and forward looking returns - not Prem. Now, 3 years later, book value has caught up to that share price range and Prem and co have delivered wonderfully on the environment of the past 3 years: insurance cos, subsidiaries, equity investments, TRS/share repurchase, all are performing wonderfully and no one wants to pay more than $425-450 for it. I'm buying hand over fist - a commentary on market environment and forward looking returns - not Prem. Link to comment Share on other sites More sharing options...
Dynamic Posted July 16, 2021 Share Posted July 16, 2021 Wrote some puts on BRK.B dated 30 Jun 2021 and 06 Aug 2021 all at $275 strike in Boilermaker75 style. Link to comment Share on other sites More sharing options...
adesigar Posted July 16, 2021 Share Posted July 16, 2021 54 minutes ago, Dynamic said: Wrote some puts on BRK.B dated 30 Jun 2021 and 06 Aug 2021 all at $275 strike in Boilermaker75 style. Jun? Link to comment Share on other sites More sharing options...
StubbleJumper Posted July 16, 2021 Share Posted July 16, 2021 16 minutes ago, adesigar said: Jun? The most successful puts are those that are written using the benefit of a time machine! Sign me up... SJ Link to comment Share on other sites More sharing options...
IceCreamMan Posted July 17, 2021 Share Posted July 17, 2021 3 hours ago, StubbleJumper said: The most successful puts are those that are written using the benefit of a time machine! Sign me up... SJ Although that used to be the case, the alpha from time travel option selling has been almost completely arbitraged away. Link to comment Share on other sites More sharing options...
bizaro86 Posted July 17, 2021 Share Posted July 17, 2021 2 hours ago, IceCreamMan said: Although that used to be the case, the alpha from time travel option selling has been almost completely arbitraged away. I'd like to exist in the multiverse where all the options I sell expire unexercised. Link to comment Share on other sites More sharing options...
Dynamic Posted July 17, 2021 Share Posted July 17, 2021 Love these responses guys. Turns out on checking my account I wrote 30th July options by mistake -fat fingers, eh! -so I'm missing out on the time travel arbitrage after all. But I think it's still a heads I win, tails I win situation so I got lucky! Link to comment Share on other sites More sharing options...
boilermaker75 Posted July 17, 2021 Share Posted July 17, 2021 I have some July 23 and July 30 puts I wrote on BRKB. Most of my put writing has expiration dates less than two weeks away. I like to write puts on Wednesday that expire on Friday. Link to comment Share on other sites More sharing options...
Gregmal Posted July 19, 2021 Share Posted July 19, 2021 added XLE LEAPs Link to comment Share on other sites More sharing options...
rkbabang Posted July 19, 2021 Share Posted July 19, 2021 Added to BAM Link to comment Share on other sites More sharing options...
fareastwarriors Posted July 19, 2021 Share Posted July 19, 2021 a bit of PSTH Link to comment Share on other sites More sharing options...
Gregmal Posted July 19, 2021 Share Posted July 19, 2021 Just put another 3/2 waterfront townhome under contract. 30 year fixed FTW. YOLO. Link to comment Share on other sites More sharing options...
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