Week 20 - May 13 Investment Moves
- Today Market's Conditions
- Week 20 Passive Dividends
- Today's option trades (May 13)
- Warning signs in the economy.
Today Market's Conditions
Here is how the market is right now (2:00 pm EST).
Week 20 Passive Dividends
This week passive dividends from stocks that I hold:
Today's option trades (May 13)
Here are my trades so far:
Summary:
- Rolled RIOT Covered call down ($2) and In (one week) for $3 premium.
- Rolled RIOT Covered call down ($1) for $2 premium.
- Rolled OZK Covered call up ($2) and out (one month) for $36 premium.
- Open new EDIT Covered call for $10 premium.
Warning signs in the economy
This article is about credit card charge-off. It's right around 3-4% of all accounts. The danger zone is when it up to 6%+ like when we were in the great recession.
"JPMorgan Chase echoed the sentiment during its earnings call last month, with CFO Jeremy Barnum saying, "Consumers remain financially healthy, supported by a resilient labor market."
I don't share the same view as these bankers. I believe the consumers are having a hard time right now. They are using credit cards to cover the shortage in their budget (for emergencies, flat tires, etc).