I posted my research on RNF, a few weeks ago. I wrote a covered call on 6/2/15, with a strike of $15 and expiry on 6/19/15. Funny, RNF traded right at $15 at the closing on 6/19/15. I was on my way to Philly on 6/19/15. I didn’t expect RNF to go up 6.3% on one day. But lucky me, RNF stopped right at $15, 5 pennies shy of being called away (I like this stock and don’t want it called away). As a result, 17 days gave me 7.8% return (annualized to be 167%). The news was that the analysts expect RNF’s dividend to more than double (from .30s to .60s) for this quarter ending 6/30/15. I intend to sell another call against my holdings with an expiry to go beyond the earnings report date (to play safe).
About admin
Richard Cheng, M.D., Ph.D., is an avid Wall Street investor with 20+ years of investing experience. He is specially adept at observing the world to find the patterns and then design strategies to win his battle. Most, if not all, happenings in the world, follow certain patterns. These patterns may be complex, multi-factorial, not so intuitive at the first glance, or even may appear chaotic. However, even chaos has its own patterns. If you pay attention and be patient, you'll find them and then you will gain an upper hand in your battle. Using this blog space, he documents his trades and his thoughts as they happen. He uses this blog as a a notebook to help him better refine his strategies. Hopefully this will help you as well. Good luck in your trading.
