Canadian Banc Corp (BK.TO) is a great dividend paying stock, pays monthly dividend of 1.4%, 17% annual.

For covered call selling (aka PMI) lovers: UNG offers 5% a month on at-the-money calls. Be careful though, it can move fast. For those who is new to nat gas: storage is like 40% above 5-year average, but production is falling and demand is EXPECTED (translation: it is speculation) to rise. Hence high implied volatility, reflected in the high option premium. 0834 ET - U.S. natural gas futures are extending last week's bounce off technical support, backed by LNG feedgas demand and prospects of more power-sector use as Texas weather heats up. "If LNG can edge higher, a boost from laggard Henry Hub physical pricing may reinforce upward momentum for Nymex gas," Eli Rubin of EBW Analytics says in a note. Also supportive is the decline in natural gas rigs, which fell by 3 last week to 102, according to Baker Hughes. "Producers have shed 19 rigs in 11 weeks, and the trend is likely to continue," Rubin says. Natural gas for June delivery is up 1.9% at $2.183/mmBtu. (anthony.harrup@wsj.com) P.S. I have a large position in NatGas and am losing big $ today on the three-day runup 😪. I have been biased short thinking the spike last week was a short covering and will exhaust itself.

Previously I made about $3,623 on MSFT ~ 11 weeks. Today, I collected $550 premium by selling a put on MSFT with 2/16/24 expiration. Accummulatively I made $4,173. Thanks Eric!

Verticals 16/17 Sep 18 exp go for. 33.

I am going to send 50K over to IBKR to start doing the wheel strategy in the New Year. Want to get brave and work smart and hoping that I can make this thread for beginners to find help starting. A place that we can mutually discuss the 'best ticker' to buy a PUT and when and why. Discuss the strategy, entry price and details to start the wheel and have all of you amazing experienced people assist. Is this possible?