A day late in reporting trades.

music selection:  “You Want It All” — Go Betty Go

weigh-in:  207.4 (0.8) – back moving in the right direction.

First the bad news.  BYND got a double upgrade and popped.  My bearish trade ended up pretty far underwater and I decided to close early for a loss.  I booked a 2,520 loss on 4,788 capital at risk or 52.6% loss.  All the other positions that closed over the weekend were to the green.  Unfortunately, I’m looking a net loss for the month of May.

I sold covered calls against my WFC position with an expected annualized return of 42.08%.  I was unable to initiate short puts against NLY or PSEC at an attractive premium.  Finally, I opened a bull call spread in Life storage (LSI).  With shares trading at 96.99, I bought the 90/95 strikes spread with 18JUN2021 expiry for 4.25 a share (11 spreads).  I have 4,675 of capital at risk in the trade over 26 days.  The trade enjoys 2.60% downside protection.  Should that not be breached, the spread will earn 825 dollars or 17.6%, which comes to 248% annualized.  With a chart that is in a strong uptrend, I think that is highly likely.

Devour your prey raptors!

Monday trades with yields up to 284%

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