A quick update about my portfolio. I sold and for a few reasons. I bought those ETFs, before I researched and the 25%/75% option overlay flexibility. This is the preferred method of covered call option overlay as it caps less of the upside of the Nasdaq.

I was able to sell and and buy over 250 shares of . With the rest of the capital, I bought a bunch of my existing holdings: , , and .

IBKR broke up and sold the in small chunks of shares, so instead of showing you pages and pages of transactions, I’ll just include the current portfolio.

You can see I evened out the portfolio nicely. For , I chose to buy a few more shares to get it to 200 shares total. If goes on another run in the near future, I should be able to write 2 covered calls instead of 1.

For , I didn’t do anything as I just plan on holding these shares for several years as they keep building their free cash flow and balance sheet.

I bought another 132 shares of to bring my to over 1000 shares. I believe that has plenty of upside in the next few years, so adding on weakness or below my average cost is a smart idea for me.

I added to and . My goal is at least 100 shares of and 100 shares of . This may take some time as I add using paycheck contributions and dividend reinvestment.

Finally, I will continue to add to and the tech stocks in the short to medium term to consolidate those positions further.

As always, my content is not financial advice and you should do your own due diligence before investing your money.

This brings me up to ~230 shares in so far. Now let’s discuss the elephant in the room. The US met coal equities are taking a beating and they account for big paper losses in my account today. The account is down $4k-$5k on those equities alone, which in all honesty, doesn’t bother me because those are long-term bets.

However, on the positive side, selling the covered call proved to be correct and I’m currently up over 50% on that option.

The option is not doing well and has dropped below the $600 strike of the contract as of the time of this writing.

My plan accounted for this possibility when I sold the put. I will hold the option instead of rolling for now. If I’m assigned from now till expiration in mid-October, then I will sell covered calls on the resulting 100 shares of to offset margin interest.

The stock has already removed the excess froth and extreme valuation from this huge price drop. P/E has dropped to roughly 28 from 40+. Analysts are positive on the stock with a ~$800 average price target. With a strong balance sheet, management guidance for store growth, M&A possibilities, geographic white-space growth, and so many other factors, I’m not concerned about holding these shares AFTER such a large price drop.

I’m attaching their investor day and other presentation here for you to make your conclusions, but in my opinion, this drop was a strong overreaction:

https://investor.caseys.com/static-files/282c53ca-5901-433f-bda2-730dc4bd84b9

https://investor.caseys.com/static-files/adcff974-e24d-4004-82be-a68b9b66c273

I will have a deep-dive on after my deep-dive so stay tuned for that.

As always, my content is not financial advice so please do your own due diligence before investing your money.

This was a judgement play based on pre-market activity and just an opportunistic move with regards to the AI slowdown news. I exited quickly and took the profits to invest $500 into . I bought another 10 shares to bring that closer to par with my other ETFs.

The main move I did after that was to sell a covered call on . I meant to do this last week; unfortunately, I was busy and could not get around to placing the trade. As you can see in the chart below, the MACD and the RSI crossed over and are showing a break of the strong move that led to local highs in recent days and weeks.

In addition, higher met coal prices are putting pressure on steel margins and could limit steel production which impacts met coal prices. The market seems to have noticed that a few days ago and US coal equities have reversed. This is why I wanted to make this play last week, but I determined that in the absence of other met coal price catalysts, I could still sell a covered call.

I’m prepared for either outcome. If met coal prices rally for some unknown reason and I get assigned, I still have ~90 shares of and 496 shares of providing ample exposure to my coal trades. I can also roll the option out if I want to keep those shares.

I will use the option premium and the money from assignment to add to or perhaps to a new stock for the portfolio.

If continues the downward trend, I will keep my shares and keep the premium. I received ~$1000 for this strategy and I will use it to grow my position as discussed.

That’s all for today fellow investors!

As always, my content is not financial advice and you should do your own due diligence before investing your money.

is a new name that I have not talked about on this channel, but they have been on my watchlist for a while. is in the general store category that operates convenience stores and gas stations in the midwest and other rural places. The P/E was in the 40’s before the post-earnings drop and is coming down nicely; however, their earnings and revenue beat estimates.

The reason for the drop is mainly because inside same-store sales increased only 3.2% versus 4.3% a year ago. In addition, their fuel same-store gallons sold were down 0.3% compared to prior year. This is all to say that management kept guidance unchanged for the year.

Moreover, they are running ahead of schedule, as per their investor presentation, on the integration of their acquisition of Fikes who owned the CEFCO convenience store chain. This acquisition adds 148 stores in Texas, 40 in Alabama and Florida, and 10 in Mississippi which really expands their position in the nation.

With analyst estimates in the $800’s, growing revenue and earnings, and the growth in number of stores, I was able to write a put on this with a short expiration date at a strike of $600 getting about $1150 of premium. My plan is to keep the cash safe for now just in case I need it. If the price does head below $600 and I get assigned, I will start selling covered calls on the position which should more than cover the monthly margin.

After the drop, this seems like a good risk/reward play at least for the next 20-30 days.

As always, this is not financial advice, so please do your own due diligence before investing your own money.

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