Bull spread in Invitation Homes.

music selection:  “He Carves His Stone” — Savatage

weigh-in:  207.2 (0.2)

I’m making another at the money bullish bet.  This time on Invitation Homes (INVH).  INVH is a residential rental REIT that is in a strong uptrend.  With housing inventory near all time lows, they have strong tailwinds.  Shares closed at 36.56 today.  I bought the 35/37.5 bull call spread (41 spreads) for 1.19 per share.  This gives me 1.01% downside protection in the trade, which will be in force for 46 days (July expiry).  If today were expiry day, the spread would turn a profit of 1,516 on 4,880 in capital at risk.  Should shares rise 2.57% by expiry, the spread will be worth 5,370 in profit.  That is 110% or 873% annualized.

Devour your prey raptors!

Spread in INVH with yield up to 873%

Never miss another opportunity to devour prey!

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