I wrote contracts on two more tickers today.

music selection:  “Chalk Outline” — Three Days Grace

I had a couple trades that didn’t go through yesterday as I couldn’t get filled at an attractive price.  I got filled today at what I consider very attractive positioning.

First, I went a little bit into the money on MAA160916P00095000 as I’m hot to get assigned. I think Mid-American is well positioned for a long term trend of rising rents in the mid tier housing space.  I got 2 dollars a share for an annualized yield of 30.74%.  The trade will be in force for 25 days and enjoys 1.44% downside protection.

I also sold SDLP161021C00005000 for a dime a share.  The trade will be in force for 60 days.  Since my cost basis here is 3.74, the annualized yield 16.27%.  That is a nice bonus on top of the 10% distribution yield.  I also have room for some capital gains if oil prices continue to firm up.  I’m very happy to own this one at 3.74.

Devour your prey raptors!

MAA 30% SDLP 16%

Never miss another opportunity to devour prey!

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