Morning wisdom...cuz I'm such a good guy! Big ADP jobs number....FED boot coming down?
Regional banks are going to rot on the vine...1/3rd of investments tied to commercial real estate...eee!
Gamblers all geared up to roll the dice on every word the FED says
I'm not interested....safely in my corner with my accounts at all time highs.
But I do have something I'm interested in.....Livent....LTHM....had stellar earnings last night with fantastic guidance. Stock has ranged from $20 to $35. Given their guidance even in this horrible casino of a market I can see $30 again pretty easily.
But the better part is that you can sell covered calls. We'll see how they look after the open and the FED but based on yesterdays price the call premiums were very fat.
You could build a position slowly and hold this for a long time or grab a jag and sell some ATM calls every 2 weeks or once a month effectively creating a great dividend. I'll do a little math on the best combo later but this looks promising where you can create some nice gains in a very low risk name
Livent is the best lithium company out there by far and it's quite cheap here.
Will either jump back in my gold names or short the group later today....or maybe do nothing. Cheers!