Follow My Covered Call and Naked Put Trade Strategies

Stocks Purchased

Stock Trades for the Week Ending May 20, 2022

Saturday May 21, 2022

May 19

Vici Properties (VICI) – Shares Purchased

Vici Properties Stock Price Chart

 

Asset Class Allocations

The models I use for my asset class allocations continue to be very conservative with a 75.3% allocation to cash.

Asset Class Allocation Table

The average year-to-date return for my models is -1.8% versus -15.0% for a 60/40 portfolio. It is during market drawdowns like we are experiencing now that my models shine. They are intended to reduce drawdowns versus a 60/40 portfolio and they are doing that brilliantly right now.

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Stocks Purchased

Stock Trades for the Week Ending May 13, 2022

Friday May 13, 2022

May 11

Targa Resources (TRGP) – Shares Purchased

Very few stocks pass my screens lately. TRGP passed my best-performing screen so I decided to purchase an appropriate position size.

Targa Resources Price Chart

 

Asset Class Allocations

The asset allocation models I use collectively increased the cash holding slightly to 72.8%. Whatever happens to the markets in the near term, my portfolio’s performance will be rather muted due to such a high allocation to cash.

Asset Allocation Table

The average year-to-date return for the asset allocation models I use is currently -1.9%.

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Stocks Purchased

Stock Trades for the Week Ending May 06, 2022

Saturday May 7, 2022

May 02

Apple (AAPL) – Shares Sold

My sell stop was trigged and my shares were sold for $155.37 representing a 6.1% loss in 14 days.

 

Greenbrier (GBX) – Shares Sold

My sell stop was trigged and my shares were sold for $41.57 representing a 7.0% loss in 21 days.

 

Asset Allocation 

My asset allocation models now have the highest allocation to cash since I began posting the table.

Asset Allocation Table

 
The average year-to-date performance of my asset allocation models is -1.3% versus -12.5% for the 60/40 portfolio. Over time, my models don’t significantly outperform the 60/40 portfolio but they do have much lower drawdowns which is important to me. Many investing strategies are difficult to stick with in times of poor performance and I know that I am more likely to stick with the models I use because of the relatively low drawdowns.

I currently own no US stocks. My stock selection strategies have not been working in the current environment so I am reluctant to purchase stocks until I see an improvement in my strategies. I do track the 30-day performance of stocks selected by my strategies and will continue to monitor that as one way of determining when to begin buying stocks again.

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COVERED CALL POSTS
NAKED PUT POSTS
SYSTEMATIC TRADE POSTS