Optimism Gets a Slap in the Face
Welcome to the post-Labor Day market. A sobered-up investor can be an ornery investor.
Stocks kicked off the first trading day after Labor Day on a decidedly negative note. The August manufacturing number was still somewhat weak, but all eyes are on the August jobs number that comes out Friday. It was the weak July jobs number that prompted recession fears and the market selloff in early August. Another bad number could reignite recession worries that had faded in the second part of August.
The manufacturing number was a little better than the July number. And it was known that job numbers come out early in the month. There is no new news driving the Tuesday selloff. It looks to be more of a seasonal thing at this point.
Investors were positive about things in the middle of August before they went on vacation and stopped paying attention. The market rode out the rest of the month in the same form. But investors coming back to real life after the summer realize that there might be more to worry about.
A recession might not be imminent. But it’s on the radar. The market has shown vulnerability to headline risk. And that risk is likely to grow as the election heats up, the two wars are still raging, and economic numbers could indicate a steeper slowdown than expected. It’s also September, historically the worst month of the year for the market.
As of now, the bad start to September doesn’t change things. There is a good chance that stocks finish the year higher than they are now. But more volatility is to be expected. Unless the jobs number really stinks up the place, stocks should regain some traction. But there are likely to be more down days in the months ahead even if the overall direction of the market is solid.
Monthly Recap
August 6th
FS KKR Capital Corporation (FSK) – Rating change “BUY” to “HOLD”
Main Street Capital Corporation (MAIN) – Rating change “BUY” to “HOLD”
August 27th
Purchased Constellation Energy Corporation (CEG) – $196.14
Sold OKE Oct 18th $87.50 calls at $3.50 or better
Portfolio Recap
Alexandria Real Estate Equities, Inc. (ARE)
Yield: 4.3%
After hitting a 52-week low last month, ARE leveled off and then had a nice move higher. While the other REITs were living it up in the falling interest rate environment, ARE floundered. Although earnings were basically solid and Alexandria reiterated previous guidance, it missed on revenue. However, earnings were only up 5.4% while revenues jumped 7.4%. The lease rates were solid, and Alexandria reported a healthy number of acquisitions. It stumbled after a big surge higher after the earnings report, but the defensive characteristics may serve ARE well going forward with the slowing economy. BUY
American Tower Corporation (AMT)
Yield: 2.9%
This red-hot cell tower REIT cooled off in August after a big surge in July. But AMT is still in an uptrend that began in April. Earnings were solid and the stock is still higher than it was at any point, besides July, since January 2023. The prognosis looks bright as customers are being added to existing towers and the properties continue to expand in the U.S. and overseas. It also raised guidance for 2024. Likely lower-trending interest rates and the continuing expansion of mobile device data demand bode well for the REIT in the year ahead. BUY
Brookfield Infrastructure Corp. (BIPC)
Yield: 4.0%
This infrastructure company stock has come back to life. After a couple of years of poor performance amid inflation and rising interest rates, BIPC is returning to its historic good form as those trends reverse. It made a huge move in July, leveled off somewhat through most of August, but recovered and just made a new 52-week high. It’s now up more than 30% since early April. BIPC had been a stellar performer for many years prior to inflation and rising interest rates. But now interest rates are moving significantly lower, and the main threat is now a recession. That’s in Brookfield’s wheelhouse as its crucial assets are highly recession-resistant. HOLD
Cheniere Energy Partners, L.P. (CQP)
Yield: 7.5%
Earnings were solid but natural gas prices have fallen. The recent price decline reflects the lower natural gas prices and the pressure that could add to margins. However, the price dip is likely to be temporary. The unpredictable weather and geopolitical tensions could ratchet prices higher in a hurry. The world still needs U.S. natural gas. That huge dividend is solid and highly attractive in a market that could sputter in the months ahead, and a recession is now on the radar, and headline risk could roil the market. (This security generates a K1 form at tax time). BUY
Constellation Energy Corporation (CEG)
Yield: 0.7%
This nuclear power provider and newest portfolio addition is showing strength again as the electricity demand story gains traction. It had pulled back after a big surge and a high in May but recovered in August. The stock is up 71% YTD for a reason. It will likely benefit as much as any other electricity provider from the increased electricity demand. Nuclear offers uninterrupted carbon-free electricity and climate-conscious technology companies are making it a priority. BUY
Enterprise Product Partners L.P. (EPD)
Yield: 7.2%
This steady midstream energy partnership bent a little but didn’t break in the recent market turbulence. EPD has gone sideways since April, but it has still returned over 16% YTD, after two stellar years in 2022 and 2023, and is back to within pennies of the 52-week high. You can slow it down or temporarily interrupt EPD. But its consistent snail-like ascent endures and inches on. Enterprise reported earnings that were solid, up 12% over last year’s quarter. The distribution is also 5% higher than a year ago and there is still an industry standout 1.6 times distribution coverage with cash flow. (This security generates a K1 form at tax time). BUY
FS KKR Capital Corporation (FSK)
Yield: 13.8%
This ultra-high-yielding Business Development Company is also recovering from the recession scare that caused it to be downgraded to a HOLD. FSK also goes ex-dividend in early September. Because the payout is so massive, the date will cause a drop in price. But it appears, at this point, that the recession worry is overblown. While recession is still on the radar, it might be a long way off, and that huge payout from FSK should be highly desirable in a more sideways market over the next few months. HOLD
Main Street Capital Corp. (MAIN)
Yield: 5.8%
This BDC confirmed the monthly dividend of $0.245 per share for the rest of the year and announced an additional $0.30 per share supplemental dividend payable in September. The BDC also has a lot of small business exposure, which is problematic during recessions. The stock got knocked back with the recession scare early this month when it was downgraded to a HOLD. But it has been creeping back higher as recession worries wane. A recession would certainly change the dynamics. However, solid earnings and reduced recession expectations are resulting in the stock regaining lost ground for now. HOLD
NextEra Energy, Inc. (NEE)
Yield: 2.6%
The regulated and alternative energy utility stock continues to look strong and is within a dollar of the 52-week high. The previously superstar performer had a rough time with inflation and rising interest rates but has come back strong, even before the overall utility sector, which is one of the best-performing market sectors this year. It is a highly defensive utility, and the recession fears make NEE more desirable. NextEra forecasts revenue growth of 8.3% per year over the next three years, compared to average growth of 4.7% for the electric utility group. There is also growth in anticipation of a steep acceleration in electricity demand in the years ahead prompted by manufacturing, electric vehicle growth, and increasing data center electricity demand because of AI. Renewable demand is expected to grow the most. HOLD
ONEOK, Inc. (OKE)
Yield: 4.3%
The prognosis for this midstream energy company changed for the better over the past week. ONEOK announced $5.9 billion in acquisitions of two companies, pipeline company Enlink Midstream (ENLC) and Medallion Midstream. The deals are expected to close in the fourth quarter and be accretive to earnings immediately. The company conservatively expects a 5% jump in earnings and a 15% increase in cash flow through 2028. It greatly adds presence in the high-growth Permian Basin and adds predictable fee-based business. The market likes the deal as the stock jumped over 4% in the couple of days following the announcement. BUY
Qualcomm Corp. (QCOM)
Yield: 1.9%
After stumbling badly in the second half of June and July, the chipmaker stock has been moving higher for the past couple of weeks. The selloff did come after a huge surge earlier this year, and QCOM is still up 26% YTD. Qualcomm crushed earnings forecasts for the June quarter and guided higher for the September quarter. But the stock fell on the day of the announcement on concerns about weaker-than-expected smartphone sales predicted for the December quarter. But the upgrade cycle is likely coming sometime next year. Qualcomm is well-positioned ahead of the next wave of AI, in mobile devices, and should benefit mightily in the year ahead. BUY
Realty Income Corp. (O)
Yield: 5.1%
The legendary monthly income REIT reported another solid quarter where earnings rose 6% over last year’s quarter and revenues soared 31%, spurred by the recent acquisition of Spirit Realty in January. After two rotten years, the relative performance of the REIT has taken off. Realty is up 14% since July 1st and just made a new 52-week high. The main impediment to performance was rising interest rates. But with that situation reversing, O should make up for lost time. It’s already started. HOLD
Existing Call Trades
Sell MAIN September 20th $49.40 calls at $2.00 or better
The stock took a hit with the recession scare early this month but has been inching back ever since. MAIN is currently right at the strike price. We’ll see what happens with recession talk and the post-Labor Day market. But regardless, these calls embellish an already stellar income.
Sell BIPC September 20th $35 calls at $3.00 or better
This stock is running away. It is now more than $5 per share above the strike price. But there are still several weeks of volatile September time to go before expiration, and there is a lot of headline risk. Defensive stocks are a great place to be invested right now. But if BIPC gets called we still have the other defensive portfolio positions. With these calls we lock in a high income even if the market continues to flounder.
Sell AMT Sep 20th $210 calls at $15.00 or better
AMT was riding high, but the stock pulled back in August. It is still way above the strike price and a call seems likely at this point. That’s okay. We’ll get a stellar income and a solid total return in a short time. Plus, 16 days can be a long time if the market remains volatile in September.
Sell OKE Oct 18th $87.50 calls at $3.50 or better
These calls were targeted when OKE was near the high. But it broke out to a new level after the announcement of the acquisitions late last week. I do believe the acquisition will improve cash flow next year and likely boost the stock price range permanently. But we’ll see if the market pushes the price back down in the next six weeks.
Current Recommendations
| Open Recommendations | Ticker Symbol | Entry Date | Entry Price | Recent Price | Buy at or Under Price | Yield | Total Return |
| Alexandria Real Estate Eq. | ARE | 12/19/23 | $129.54 | $121.20 | $140.00 | 4.29% | -3.52% |
| American Tower Corp. | AMT | 1/23/24 | $202.26 | $227.00 | $220.00 | 2.85% | 14.18% |
| Brookfield Infrstr. Cp. | BIPC | 2/27/24 | $32.64 | $41.06 | $40.00 | 3.95% | 25.43% |
| Cheniere Energy Prtns. | CQP | 7/23/24 | $53.04 | $47.96 | $60.00 | 6.78% | -8.93% |
| Constellation Energy Corp. | CEG | 8/27/24 | $194.99 | $210.00 | |||
| Enterprise Product Ptnrs. | EPD | 2/27/24 | $27.61 | $29.29 | $30.00 | 7.17% | 9.96% |
| FS KKR Capital Corp. | FSK | 4/23/24 | $19.42 | $19.91 | NA | 14.06% | 6.41% |
| Main Street Capital Corp. | MAIN | 3/26/24 | $46.40 | $49.69 | NA | 5.80% | 10.40% |
| NextEra Energy, Inc. | NEE | 4/25/23 | $77.50 | $79.66 | NA | 2.59% | 6.25% |
| ONEOK, Inc. | OKE | 5/29/24 | $79.59 | $88.07 | $84.00 | 4.50% | 11.99% |
| Qualcomm Inc. | QCOM | 5/5/21 | $134.65 | $173.60 | $165.00 | 1.96% | 38.21% |
| Realty Income Corp. | O | 6/27/23 | $60.19 | $61.09 | NA | 5.17% | 8.46% |
| Open Recommendations | Ticker Symbol | Initial Action | Entry Date | Entry Price | Recent Price | Sell To Price or better | Total Return |
| MAIN Sep 20 $49.40 call | MAIN240920C00049400 | Sell | 6/27/24 | $2.00 | $0.65 | $2.00 | 4.31% |
| BIPC Sep 20 $35.00 call | BIPC240920C00035000 | Sell | 7/16/24 | $3.00 | $5.70 | $3.00 | 9.19% |
| AMT Sep 20 $210 call | AMT240920C00210000 | Sell | 7/30/24 | $15.00 | $17.50 | $15.00 | 7.42% |
| OKE Oct 18 $87.5 call | OKE241018C00087500 | Sell Pending | $3.50 | $3.50 | 4.40% | ||
| as of close on 08/23/2024 | |||||||
| SOLD STOCKS | |||||||
| X | Ticker Symbol | Action | Entry Date | Entry Price | Sale Date | Sale Price | Total Return |
| Innovative Industrial Props. | IIPR | Called | 6/2/20 | $87.82 | 9/18/20 | $100 | 15.08% |
| Qualcomm | QCOM | Called | 6/24/20 | $89.14 | 9/18/20 | $95 | 7.30% |
| U.S. Bancorp | USB | Called | 7/22/20 | $36.26 | 9/18/20 | $38 | 3.42% |
| Brookfield Infras. Ptnrs. | BIP | Called | 6/24/20 | $41.92 | 10/16/20 | $45 | 8.49% |
| Starbucks Corp. | SBUX | Called | 8/26/20 | $82.41 | 10/16/20 | $88 | 6.18% |
| Visa Corporation | V | Called | 9/22/20 | $200.56 | 11/20/20 | $200 | 0.00% |
| AbbVie Inc. | ABBV | Called | 6/2/20 | $91.04 | 12/31/20 | $100 | 12.43% |
| Enterprise Prod. Prtnrs. | EPD | Called | 6/24/20 | $18.14 | 1/15/21 | $20 | 15.16% |
| Altria Group | MO | Called | 6/2/20 | $39.66 | 1/15/21 | $40 | 7.31% |
| U.S. Bancorp | USB | Called | 11/25/20 | $44.68 | 1/15/21 | $45 | 1.66% |
| B&G Foods Inc, | BGS | Called | 10/28/20 | $26.79 | 2/19/21 | $28 | 4.42% |
| Valero Energy Inc. | VLO | Called | 8/26/20 | $53.70 | 3/26/21 | $60 | 11.73% |
| Chevron Corp. | CVX | Called | 12/23/20 | $85.69 | 4/1/21 | $96 | 12.95% |
| KKR & Co. | KKR | Called | 3/24/21 | $47.98 | 6/18/21 | $55 | 14.92% |
| Digital Realty Trust | DLR | Called | 1/27/21 | $149.17 | 7/16/21 | $155 | 5.50% |
| NextEra Energy, Inc. | NEE | Called | 2/24/21 | $73.76 | 9/17/21 | $80 | 10.00% |
| Brookfield Infras. Ptnrs. | BIP | Called | 1/13/21 | $50.63 | 10/15/21 | $55 | 11.65% |
| AGNC Investment Corp | AGNC | Sold | 1/13/21 | $15.52 | 1/19/22 | $15 | 5.92% |
| ONEOK, Inc. | OKE | Called | 5/26/21 | $52.51 | 2/18/22 | $60 | 19.62% |
| KKR & Co. | KKR | Sold | 8/25/21 | $64.52 | 2/23/22 | $58 | -9.73% |
| Valero Energy Inc. | VLO | Called | 11/17/21 | $73.45 | 2/25/22 | $83 | 15.53% |
| U.S Bancorp | USB | Sold | 3/24/21 | $53.47 | 4/13/22 | $51 | -1.59% |
| Enterprise Product Ptnrs | EPD | Called | 3/17/21 | $23.21 | 4/14/22 | $24 | 11.25% |
| FS KKR Capital Corp. | FSK | Called | 10/27/21 | $22.01 | 4/14/22 | $23 | 13.58% |
| Xcel Energy Inc. | XEL | Called | 10/12/21 | $63.00 | 5/20/22 | $70 | 12.66% |
| Innovative Industrial Props. | IIPR | Sold | 3/23/22 | $196.31 | 7/20/22 | $93 | -51.23% |
| One Liberty Properties | OLP | Sold | 7/28/21 | $30.37 | 8/24/22 | $25 | -12.94% |
| ONEOK, Inc. | OKE | Called | 5/25/22 | $65.14 | 1/20/23 | $65 | 2.66% |
| Xcel Energy, Inc. | XEL | Called | 10/26/22 | $62.57 | 1/20/23 | $65 | 4.67% |
| Realty Income Corp. | O | Called | 9/28/22 | $60.37 | 2/17/23 | $63 | 5.41% |
| Medical Properties Trust | MPW | Sold | 1/24/23 | $13.22 | 3/21/23 | $8 | -38.00% |
| Brookfield Infrastructure Cp. | BIPC | Called | 11/9/22 | $42.43 | 7/21/23 | $45 | 8.72% |
| Star Bulk Carriers Corp. | SBLK | Sold | 6/1/22 | $33.30 | 8/8/23 | $18 | -31.38% |
| Visa Inc. | V | Called | 12/22/21 | $217.16 | 8/18/23 | $235 | 9.16% |
| Global Ship Lease, Inc. | GSL | Sold | 2/23/22 | $24.96 | 8/29/23 | $19 | -13.82% |
| ONEOK, Inc. | OKE | Called | 3/28/23 | $60.98 | 9/15/23 | $65 | 9.72% |
| Hess Corporation | HES | Called | 6/6/23 | $132.25 | 10/20/23 | $155 | 17.87% |
| Tractor Supply Company | TSCO | Sold | 9/26/23 | $203.03 | 11/28/23 | $200 | -1.02% |
| Digital Realty Trust | DLR | Called | 7/18/23 | $117.31 | 1/19/24 | $135 | 17.16% |
| Intel Corporation | INTC | Called | 7/27/22 | $40.18 | 1/19/24 | $43 | 9.76% |
| AbbVie Inc. | ABBV | Called | 7/25/23 | $141.63 | 3/15/24 | $160 | 15.11% |
| Marathon Petroleum Corp. | MPC | Called | 10/24/23 | $149.45 | 3/28/24 | $165 | 12.06% |
| The Williams Companies, Inc. | WMB | Called | 8/24/22 | $35.58 | 5/17/24 | $35 | 7.14% |
| EXPIRED OPTIONS | |||||||
| Security | In/out money | Sell Date | Sell Price | Exp. Date | $ return | Total % Return | |
| IIPR Jul 17 $95 call | out-of money | 6/3/20 | $3.00 | 7/17/20 | $3.00 | 3.40% | |
| MO Jul 31 $42 call | out-of-money | 6/17/20 | $1.60 | 7/31/20 | $1.60 | 4.03% | |
| ABBV Sep 18 $100 call | out-of-money | 7/15/20 | $4.60 | 9/18/20 | $4.60 | 5.05% | |
| IIPR Sep 18 $100 call | in-the-money | 7/22/20 | $5.00 | 9/18/20 | $5.00 | 5.69% | |
| QCOM Sep 18 $95 call | in-the-money | 6/24/20 | $4.30 | 9/18/20 | $4.30 | 4.82% | |
| USB Sep 18 $37.50 call | in-the-money | 7/22/20 | $2.00 | 9/18/20 | $2.00 | 5.52% | |
| BIP Oct 16 $45 call | in-the-money | 9/2/20 | $1.95 | 10/16/20 | $1.95 | 4.65% | |
| SBUX Oct 16 $87.50 call | in-the-money | 10/16/20 | $3.30 | 10/16/20 | $3.30 | 4.00% | |
| V Nov 20 $200 call | in-the-money | 9/22/20 | $10.00 | 11/20/20 | $10.00 | 4.99% | |
| ABBV Dec 31 $100 call | in-the-money | 11/18/20 | $3.30 | 12/31/20 | $3.30 | 3.62% | |
| EPD Jan 15 $20 call | in-the-money | 11/23/20 | $0.80 | 1/15/21 | $0.80 | 4.41% | |
| MO Jan 15 $40 call | in-the-money | 11/25/20 | $1.90 | 1/15/21 | $1.90 | 4.79% | |
| USB Jan 15 $45 call | in-the-money | 11/25/20 | $2.00 | 1/15/21 | $2.00 | 4.48% | |
| BGS Feb 19 $27.50 call | in-the-money | 12/11/20 | $2.40 | 2/19/21 | $2.40 | 8.96% | |
| VLO Mar 26 $60 call | in-the-money | 2/10/21 | $6.50 | 3/26/21 | $6.50 | 12.10% | |
| CVX Apr 1 $95.50 call | in-the-money | 2/19/21 | $4.30 | 4/1/21 | $4.30 | 5.02% | |
| AGNC Jun 18 $17 call | out-of-money | 4/13/21 | $0.50 | 6/18/21 | $0.50 | 3.21% | |
| KKR Jun 18 $55 call | in-the-money | 4/28/21 | $3.00 | 6/18/21 | $3.00 | 6.25% | |
| USB Jun 16 $57.50 call | out-of-money | 4/28/21 | $2.80 | 6/18/21 | $2.80 | 5.24% | |
| DLR Jul 16 $155 call | in-the-money | 6/16/21 | $8.00 | 7/16/21 | $8.00 | 5.36% | |
| AGNC Aug 20 $17 call | out-of-money | 6/23/21 | $0.50 | 8/20/21 | $0.50 | 3.00% | |
| OKE Aug 20 $57.50 call | out-of-money | 6/23/21 | $3.50 | 8/20/21 | $3.50 | 6.67% | |
| NEE Sep 17 $80 call | in-the-money | 8/11/21 | $3.50 | 9/17/21 | $3.50 | 4.75% | |
| BIP Oct 15 $55 call | in-the-money | 9/1/21 | $2.00 | 10/15/21 | $2.00 | 3.95% | |
| USB Nov 19 $60 call | out-of-money | 9/24/21 | $2.30 | 11/19/21 | $2.30 | 4.30% | |
| OKE Nov 26 $65 call | out-of-money | 10/20/21 | $2.25 | 11/26/21 | $2.25 | 4.28% | |
| KKR Dec 17 $75 call | out-of-money | 10/26/21 | $3.50 | 12/17/21 | $3.50 | 5.42% | |
| QCOM Jan 21 $185 Call | out-of-money | 11/30/21 | $9.65 | 1/21/22 | $9.65 | 7.17% | |
| OLP Feb 18 $35 Call | out-of-money | 11/19/21 | $1.50 | 2/18/22 | $1.50 | 4.94% | |
| OKE Feb 18 $60 Call | in-the-money | 1/5/22 | $2.75 | 2/18/22 | $2.75 | 5.24% | |
| USB Feb 25 $61 call | out-of-money | 1/13/22 | $2.50 | 2/25/22 | $2.50 | 4.68% | |
| VLO Feb 25 $83 call | in-the-money | 1/18/22 | $4.20 | 2/25/22 | $4.20 | 6.13% | |
| EPD Apr 14th $24 call | in-the-money | 3/2/22 | $1.25 | 4/14/22 | $1.25 | 5.69% | |
| FSK Apr 14th $22.50 call | in-the-money | 3/10/22 | $0.90 | 4/14/22 | $0.90 | 4.09% | |
| XEL May 20th $70 call | in-the-money | 3/30/22 | $3.00 | 5/20/22 | $3.00 | 4.76% | |
| SBLK July 15th $134 call | out-of-money | 6/1/22 | $1.60 | 7/15/22 | $1.60 | 4.80% | |
| OKE Oct 21st $65 call | out-of-money | 8/24/22 | $3.40 | 10/21/22 | $3.40 | 5.22% | |
| OKE Jan 20th $65 call | In-the-money | 11/25/22 | $3.70 | 1/20/23 | $3.70 | 5.68% | |
| XEL Jan 20th $65 call | in-the-money | 11/25/22 | $5.00 | 1/20/23 | $5.00 | 7.99% | |
| O Feb 17th $62.50 call | in-the-money | 12/28/22 | $3.00 | 2/17/23 | $3.00 | 4.97% | |
| QCOM Sep 16th $145 call | out-of-money | 7/20/22 | $11.75 | 9/16/22 | $11.75 | 8.73% | |
| V Mar 17th $220 call | out-of-money | 1/24/23 | $12.00 | 3/17/23 | $12.00 | 5.51% | |
| OKE May 19th $65 call | out-of-money | 4/11/23 | $2.70 | 5/19/23 | $2.70 | 4.43% | |
| V Jun 2 $230 call | out-of-money | 4/21/23 | $10.50 | 6/2/23 | $10.50 | 4.82% | |
| BIPC $45 July 21st call | in-the-money | 5/23/23 | $3.25 | 7/21/23 | $3.25 | 7.66% | |
| V $235 Aug 18th call | in-the-money | 7/11/23 | $9.00 | 8/18/23 | $9.00 | 4.13% | |
| GSL $20 Aug 18th call | out-of-money | 7/11/23 | $1.25 | 8/18/23 | $1.25 | 5.00% | |
| OKE $65 Sep 15 call | in-the-money | 9/15/23 | $3.20 | 7/25/23 | $3.20 | 4.92% | |
| INTC $35 Oct 20th call | out-of-money | 9/8/23 | $3.78 | 10/20/23 | $3.78 | 9.41% | |
| HES $155 Oct 20th call | in-the-money | 9/8/23 | $9.00 | 10/20/23 | $9.00 | 6.81% | |
| DLR $135 Jan 19th call | in-the-money | 11/22/23 | $6.00 | 1/19/24 | $6.00 | 5.11% | |
| INTC $42.50 Jan 19th call | in-the-money | 11/29/23 | $3.50 | 1/19/24 | $3.50 | 8.71% | |
| ABBV $160 Mar 15th call | in-the-money | 1/10/24 | $7.00 | 3/15/24 | $7.00 | 4.94% | |
| MPC $165 Mar 28th call | in-the-money | 2/14/23 | $10.00 | 3/28/24 | $10.00 | 6.69% | |
| QCOM $170 Apr 26th call | out-of-money | 3/12/24 | $10.00 | 4/26/24 | $10.00 | 7.42% | |
| WMB $35 May 17th call | in-the-money | 3/12/24 | $2.00 | 5/17/24 | $2.00 | 5.62% | |
| QCOM $200 July 19th call | out-of-money | 6/5/24 | $12.00 | 7/19/24 | $12.00 | 8.91% | |
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