Thursday, February 24, 2022

Nibling at NEM

Underlying Security Symbol: NEM


I nibbled at a number of stocks today and one was Newmont, the gold and copper mining company.  Due to Omicron, the company issued a warning that their financial results may not be as good as hoped.  The stock softened this afternoon and I nibbled at it.

 I have a base position in NEM.   It is quite fluid because I sell calls quite often and quite often they are assigned.  When I see weakness I add back.   NEM checks several boxes and that includes the dividend yield of 3.22% and the call potential.

If you add today, you will most likely receive the $.55 dividend. NEM goes ex-dividend on March 9, 2022.

I sold this call today on my new shares;












Below is another call for you to consider.  The premium is a juicy $2.00 which is nearly a full year of dividends.  But the expiration date is in May.   













During times of uncertainty, I use shorter expiration periods.  I don't mind a little churn from calls being assigned.  When the call expires, I wait until the next call opportunity comes up.  During that time, I am getting the dividend.

An idea for today.


Data from and Marketx

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