Stock Market is the bottom in?

[hunts_with_stick]

I bought some pltr as well. Also bought some sofi yesterday and pru. Cracker Barrel has been doing well for me too.

 

[SD51555]

Cookie tray is coming around in GIS. I already bought a block at $48, and sold a march $50 call at 89 cents.

I’m pondering grabbing another block. Could buy it and sell a March $47.50 call. Could also sell a March $45 put at $1.50.

There’s a dividend coming around 4/10 for 61 cents. It’s the sweet spot when you get a good buy price, sell a good call, and pocket the dividend in six weeks.

I don’t love the company, but they also make like 22,000% (yes twenty two thousand percent) margin on their inputs. They just have to figure out how to keep the people eating. Any outfit that buys wheat and corn for 5-10 cents a pound and sells it for $20 a pound is a producer in my book.


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[SD51555]

They are also a dividend aristocrat, in that they have a rich history of raising their dividend every year. They are a $23B company. They have $5B in cash, they pay a 5.5% dividend, and they're also buying back about 5% of their stock each year at these prices. If I were them, I'd keep the dividend where it is, and plow money into buybacks at these prices. If we get a shock to the system and interest rates collapse, GIS could be back to $70 real quick like.

I wouldn't be shocked if the company gets taken private at this level.