Today with INTC down to about $25.90 I entered into the following trade:
07/09/12 STO 4 INTC Jul 21 2012 25 Puts @.26 90.99
This is a 12 day trade on a stock I'd like to own long term. It will soon be a member of the Dividend Achiever family. In fact, I expect the news of a dividend raise in the near future.
If these puts expire worthless we will earn 5.3% or 161.21% annual on $1713 in margin maintenance. The returns are inflated due to an earnings release set for July 17. If the stock drops we have many options to roll out and/or down for a net credit. As such, an exit strategy is in place.
Even if the stock doesn't drop I will probably look to roll on a weekly basis, if possible. INTC has weekly options.
Showing posts with label return on margin. Show all posts
Showing posts with label return on margin. Show all posts
Monday, July 9, 2012
Wednesday, June 20, 2012
Profitable Trade: Johnson & Johnson (JNJ) Naked Puts
Today I closed out the following transaction for a profit:
03/28/2012 STO 2 JNJ Jul 21 2012 62.5 Puts @.95 178.51
06/20/2012 BTC 2 JNJ Jul 21 2012 62.5 Puts @.05 -10.03
We earned $168.48 in 84 days on an average of ~$2400 in margin maintenance. This equates to a 7% return or 30.4% annual. We were able to close out the transaction today with no commission. I now have more powder in the keg for future trades which I feel will present themselves shortly (see WAG and PG).
Friday, June 1, 2012
Trade Continuation: GDX Naked Puts
Today I took advantage of the strength in GDX to continue this trade as follows:
03/20/2012 STO 3 GDX Apr 21 2012 47.0 Put @ .53 146.75
04/20/2012 BTC 3 GDX Apr 21 2012 47.0 Put @.63 -201.24
04/20/2012 STO 3 GDX May 19 2012 45 Put @.97 288.70
05/14/2012 BTC 3 GDX May 19 2012 45 Put @3.46 1050.24
05/14/2012 STO 3 GDX Jun 16 2012 45 Put @3.99 1194.68
06/01/2012 BTC 3 GDX Jun 16 2012 45 Put @1.20 - 372.25
06/01/2012 STO 3 GDX Jul 21 2012 43 Put @1.60 467.74
We were able to roll out and down two strikes for a net credit of $95.49. This increases the amount of option premium collected on this trade to $474.14. If put to us our cost basis will be down to $41.42. This ETF is presently trading at $45.84. Although GDX is volatile this is a nice cushion and we have multiple rolling opportunities available to us if need be. If these puts expire worthless we will earn $467.74 in 4 months on ~$3000 in margin maintenance. This equates to a return of 15.6% or 49.8% annual.
This trade demonstrates the power of put selling. When I entered this trade GDX was just below 50 which I incorrectly thought was a strong support level. At one point during this transaction GDX had fallen below 40. Weak hands were flushed but I stuck to my guns. Some would say I was foolish, however, there were so many strikes to roll out and down to I was not going to be a weak hand who bought high and sold low.
I'm not out of the woods on this trade yet, however, I am feeling like I'm in the driver's seat. I'm learning that when a stock tanks, the volatility and the premiums increase thereby creating opportunities for enhanced returns. It seems odd that some of my greatest returns are on trades that initially went against me. Many seasoned traders would have been "prudently" stopped out.
Note: Why didn't I hold the June puts to expiration and drain all the time value and take advantage of the great time decay in the last two weeks? Two reasons: 1) when the opportunity presented I wanted to roll down and out 2 strikes and get paid ~$100 to do it; and 2) I'm going to be on vacation options expiration week and I don't want to have any trading concerns on my mind. Silly reason? Obviously I don't think so. :)
03/20/2012 STO 3 GDX Apr 21 2012 47.0 Put @ .53 146.75
04/20/2012 BTC 3 GDX Apr 21 2012 47.0 Put @.63 -201.24
04/20/2012 STO 3 GDX May 19 2012 45 Put @.97 288.70
05/14/2012 BTC 3 GDX May 19 2012 45 Put @3.46 1050.24
05/14/2012 STO 3 GDX Jun 16 2012 45 Put @3.99 1194.68
06/01/2012 BTC 3 GDX Jun 16 2012 45 Put @1.20 - 372.25
06/01/2012 STO 3 GDX Jul 21 2012 43 Put @1.60 467.74
We were able to roll out and down two strikes for a net credit of $95.49. This increases the amount of option premium collected on this trade to $474.14. If put to us our cost basis will be down to $41.42. This ETF is presently trading at $45.84. Although GDX is volatile this is a nice cushion and we have multiple rolling opportunities available to us if need be. If these puts expire worthless we will earn $467.74 in 4 months on ~$3000 in margin maintenance. This equates to a return of 15.6% or 49.8% annual.
This trade demonstrates the power of put selling. When I entered this trade GDX was just below 50 which I incorrectly thought was a strong support level. At one point during this transaction GDX had fallen below 40. Weak hands were flushed but I stuck to my guns. Some would say I was foolish, however, there were so many strikes to roll out and down to I was not going to be a weak hand who bought high and sold low.
I'm not out of the woods on this trade yet, however, I am feeling like I'm in the driver's seat. I'm learning that when a stock tanks, the volatility and the premiums increase thereby creating opportunities for enhanced returns. It seems odd that some of my greatest returns are on trades that initially went against me. Many seasoned traders would have been "prudently" stopped out.
Note: Why didn't I hold the June puts to expiration and drain all the time value and take advantage of the great time decay in the last two weeks? Two reasons: 1) when the opportunity presented I wanted to roll down and out 2 strikes and get paid ~$100 to do it; and 2) I'm going to be on vacation options expiration week and I don't want to have any trading concerns on my mind. Silly reason? Obviously I don't think so. :)
Wednesday, May 30, 2012
New Trade: Walgreen's (WAG) Naked Puts
Today with the markets in the red and Walgreen's trading down at $30.80 I entered into the following transaction:
5/30/12 STO 3 WAG Jul 21 2012 28 Puts @.41 $110.75
The margin maintenance is ~$1,000 for this 52 day trade. This equates to ~11% return on margin in 52 days or 77.21% annual if they expire worthless.
WAG has had great support at the 31 level and these puts are a full 10% below that. If put to us the yield on cost will be 3.25% which is way above historical highs for this Dividend Champion.
5/30/12 STO 3 WAG Jul 21 2012 28 Puts @.41 $110.75
The margin maintenance is ~$1,000 for this 52 day trade. This equates to ~11% return on margin in 52 days or 77.21% annual if they expire worthless.
WAG has had great support at the 31 level and these puts are a full 10% below that. If put to us the yield on cost will be 3.25% which is way above historical highs for this Dividend Champion.
Tuesday, February 28, 2012
New Trade: Walgreen's (WAG) Naked Puts
Today in a taxable account I entered into the following transaction:
02/28/2012 STO 3 WAG Apr 21 2012 31 Puts @.59 164.71
Walgreen's is a Dividend Champion, Dividend Achiever and Dividend Aristocrat. If these puts expire worthless we will earn 11.59% in 53 days on $1421.06 in margin maintenance. This equates to 79.82% annual. If the stock drops below support levels it appears that we can roll down and out for a net credit....and I only roll for a net credit.
02/28/2012 STO 3 WAG Apr 21 2012 31 Puts @.59 164.71
Walgreen's is a Dividend Champion, Dividend Achiever and Dividend Aristocrat. If these puts expire worthless we will earn 11.59% in 53 days on $1421.06 in margin maintenance. This equates to 79.82% annual. If the stock drops below support levels it appears that we can roll down and out for a net credit....and I only roll for a net credit.
New Trade: Walgreen's (WAG) Naked Puts
Yesterday in a taxable account I entered into the following transaction:
02/27/2012 STO 4 WAG Mar 17 2012 32 Puts @.23 78.99
Walgreen's is a Dividend Champion, Achiever and Aristocrat. It has been trading in a narrow range and I took advantage of a drop in price to write these puts. If these expire worthless we will earn 3.64% on $2165.25 in margin maintenance or 69.92% annual. If the stock drops it looks like these puts can be rolled down and out for a net credit.
02/27/2012 STO 4 WAG Mar 17 2012 32 Puts @.23 78.99
Walgreen's is a Dividend Champion, Achiever and Aristocrat. It has been trading in a narrow range and I took advantage of a drop in price to write these puts. If these expire worthless we will earn 3.64% on $2165.25 in margin maintenance or 69.92% annual. If the stock drops it looks like these puts can be rolled down and out for a net credit.
Saturday, February 18, 2012
Profitable Trade: Coca Cola (KO) Puts
Yesterday the following puts expired worthless in a taxable account:
01/11/2011 STO 4 KO Feb 18 2012 65 Puts @ .51 +190.95
Coca Cola was trading at ~69 at options expiry. The margin maintenance on this trade was $4400. We earned $190.95 in 39 days. This equates to a return on margin of 4.34% or 40.61% annual.
01/11/2011 STO 4 KO Feb 18 2012 65 Puts @ .51 +190.95
Coca Cola was trading at ~69 at options expiry. The margin maintenance on this trade was $4400. We earned $190.95 in 39 days. This equates to a return on margin of 4.34% or 40.61% annual.
Saturday, February 11, 2012
New Trade: Pepsico (PEP) Naked Puts
A couple of days ago in a taxable account I entered into the following trade:
02/09/2012 STO 2 PEP Mar 17 2012 62.5 Puts @.7 128.51
At the time I entered into this transaction PEP had tanked more than two points down to ~64 based upon it's quarterly report. My experience has been that when a blue chip stalwart tanks after a quarterly report it usually is a knee jerk reaction and it will slowly work it's way back. I wrote the puts under where it tanked and if it tanks more I feel that I will be able to roll the position for a credit and wait for the stock to drift back up. If put to me the yield on cost would be 3.3% with a dividend raise expected in the June quarter. If these puts expire worthless we will earn $128.51 in 38 days on margin maintenance of $2400. This equates to a 5.35% return or 51.4% annual.
02/09/2012 STO 2 PEP Mar 17 2012 62.5 Puts @.7 128.51
At the time I entered into this transaction PEP had tanked more than two points down to ~64 based upon it's quarterly report. My experience has been that when a blue chip stalwart tanks after a quarterly report it usually is a knee jerk reaction and it will slowly work it's way back. I wrote the puts under where it tanked and if it tanks more I feel that I will be able to roll the position for a credit and wait for the stock to drift back up. If put to me the yield on cost would be 3.3% with a dividend raise expected in the June quarter. If these puts expire worthless we will earn $128.51 in 38 days on margin maintenance of $2400. This equates to a 5.35% return or 51.4% annual.
Profitable Trade: SLV Naked Puts
Yesterday in a taxable account I closed out the following transaction for a profit:
01/30/2012 STO 7 SLV Feb 18 2012 30 Puts @.23 145.70
02/10/2012 BTC 7 SLV Feb 18 2012 30 Puts @.05 -35.09
In this trade we made $110.61 in 10 days on a maintenance requirement of $2800.00. This equates to a 3.95% return on margin or 144% annual. I closed out the trade when there was no commission.
01/30/2012 STO 7 SLV Feb 18 2012 30 Puts @.23 145.70
02/10/2012 BTC 7 SLV Feb 18 2012 30 Puts @.05 -35.09
In this trade we made $110.61 in 10 days on a maintenance requirement of $2800.00. This equates to a 3.95% return on margin or 144% annual. I closed out the trade when there was no commission.
Thursday, February 2, 2012
Profitable Trade: GDX Naked Puts
Today in a taxable account I closed the following transaction for a profit:
01/20/2012 STO 4 GDX Feb 18 2012 49 Puts @.57 214.89
02/02/2012 BTC 4 GDX Feb 18 2012 49 Puts @.03 -12.05
In this trade we made $202.84 in 13 days on margin maintenance of ~ $3200.00. This equates to a return of 6.34% or 178% annual. I could have waited for these puts to expire worthless but we had drained most of the profit out of the trade and there was no commission at exit. I'm going to be looking for other, more profitable opportunities in this account.
01/20/2012 STO 4 GDX Feb 18 2012 49 Puts @.57 214.89
02/02/2012 BTC 4 GDX Feb 18 2012 49 Puts @.03 -12.05
In this trade we made $202.84 in 13 days on margin maintenance of ~ $3200.00. This equates to a return of 6.34% or 178% annual. I could have waited for these puts to expire worthless but we had drained most of the profit out of the trade and there was no commission at exit. I'm going to be looking for other, more profitable opportunities in this account.
New Trade: Sold SLV Naked Puts
A couple of days ago I entered into the following transaction in a taxable account:
01/30/2012 STO 7 SLV Feb 18 2012 30 Puts @.23 145.70
It looks like the precious metals bottomed ~ three weeks ago. SLV has been north of 30 and rising for some time. If it drops SLV has provided good opportunities to roll out to the next month and down a strike for a net credit. As such, we have an additional exit strategy in place. If I hadn't been dealing with a family emergency I probably would have been a tad more patient and waited for SLV to drop a bit and written the less risky 29's for a little less return. I didn't have that luxury but I wanted to put time decay to work while I was out of town. If these puts expire worthless we will earn $145.70 in 18 days on $2800 margin maintenance (which is free BTW). This equates to a 5.2% return or 105.44% annual.
01/30/2012 STO 7 SLV Feb 18 2012 30 Puts @.23 145.70
It looks like the precious metals bottomed ~ three weeks ago. SLV has been north of 30 and rising for some time. If it drops SLV has provided good opportunities to roll out to the next month and down a strike for a net credit. As such, we have an additional exit strategy in place. If I hadn't been dealing with a family emergency I probably would have been a tad more patient and waited for SLV to drop a bit and written the less risky 29's for a little less return. I didn't have that luxury but I wanted to put time decay to work while I was out of town. If these puts expire worthless we will earn $145.70 in 18 days on $2800 margin maintenance (which is free BTW). This equates to a 5.2% return or 105.44% annual.
Monday, January 30, 2012
Profitable Trade: SLV Naked Puts
The following SLV naked puts expired worthless in a taxable account:
01/19/2012 STO 6 SLV Jan 27 2012 28 Puts @.15 75.46
In this 8 day trade the puts expired worthless This trade earned a 2.94% return on margin maintenance of $2568.00 which equates to 134.1% annual.
01/19/2012 STO 6 SLV Jan 27 2012 28 Puts @.15 75.46
In this 8 day trade the puts expired worthless This trade earned a 2.94% return on margin maintenance of $2568.00 which equates to 134.1% annual.
Monday, January 23, 2012
New Trade: Proctor and Gamble (PG) Naked Puts
Today in a taxable account with PG down below 65 due to some analyst downgrades I entered into the following transaction:
01/23/2012 STO 4 PG Mar 17 2012 60 Puts @ .29 153.36
Proctor & Gamble doesn't really need much of an introduction. It is a Dividend Champion, Dividend Aristocrat, blue chip, widow and orphan holding. It will be raising it's dividend next time around. If these get put to us our yield on cost would be over 3.5%, before the dividend increase. PG has shown great support at the 60 level. If the price sinks we have the option of taking the shares, writing covered calls and collecting dividends or rolling the position. We like both of these alternatives. If these puts expire worthless we will earn 3.64% in 54 days on a margin maintenance requirement of $4209.60. This includes commission costs and equates to 24.6% annual.
01/23/2012 STO 4 PG Mar 17 2012 60 Puts @ .29 153.36
Proctor & Gamble doesn't really need much of an introduction. It is a Dividend Champion, Dividend Aristocrat, blue chip, widow and orphan holding. It will be raising it's dividend next time around. If these get put to us our yield on cost would be over 3.5%, before the dividend increase. PG has shown great support at the 60 level. If the price sinks we have the option of taking the shares, writing covered calls and collecting dividends or rolling the position. We like both of these alternatives. If these puts expire worthless we will earn 3.64% in 54 days on a margin maintenance requirement of $4209.60. This includes commission costs and equates to 24.6% annual.
Saturday, January 21, 2012
Profitable Trade: GDX Naked Puts
Yesterday I closed out for a profit in a taxable account the following transaction:
12/12/2011 STO 2 GDX Jan 21 2012 52 Puts @ 1.47 +282.45
01/20/2012 BTC 2 GDX Jan 21 2012 52 Puts @ .03 -6.03
We made $276.42 on this investment in 39 days. The average margin maintenance was ~ 4400.00. This equates to a return on margin of 6.3% or 59% annual. As I've stated I thought precious metals bottomed a couple of weeks ago. The massive run up of the dollar is consolidating and toppy. I'm probably going to be trading GDX and GDXJ (junior precious metal miners) more than GLD and SLV as the latter ETF's are paper rather than physical metal. We've seen with MF Global that paper can vanish into thin air. Many investors have lost faith in the COMEX and some in the know believe that at some point GLD and SLV will default on their obligations. We've seen with credit default swaps, fractional banking and the like that paper assets can vanish in a corrupt dark cloud.
12/12/2011 STO 2 GDX Jan 21 2012 52 Puts @ 1.47 +282.45
01/20/2012 BTC 2 GDX Jan 21 2012 52 Puts @ .03 -6.03
We made $276.42 on this investment in 39 days. The average margin maintenance was ~ 4400.00. This equates to a return on margin of 6.3% or 59% annual. As I've stated I thought precious metals bottomed a couple of weeks ago. The massive run up of the dollar is consolidating and toppy. I'm probably going to be trading GDX and GDXJ (junior precious metal miners) more than GLD and SLV as the latter ETF's are paper rather than physical metal. We've seen with MF Global that paper can vanish into thin air. Many investors have lost faith in the COMEX and some in the know believe that at some point GLD and SLV will default on their obligations. We've seen with credit default swaps, fractional banking and the like that paper assets can vanish in a corrupt dark cloud.
Friday, January 20, 2012
New Trade: GDX Naked Puts
Today with GDX trading at ~52.50 I entered into the following transaction in a taxable account:
01/20/2012 STO 4 GDX Feb 18 2012 GDX 49 Puts @.57 214.89
If these puts expire worthless we will earn 6.7% in 29 days on a margin maintenance requirement of $3195.88. This equates to 84.3% annual. I was looking at the 48's for .44 but decided to take on a little more risk since this ETF is easy to roll down and out.
01/20/2012 STO 4 GDX Feb 18 2012 GDX 49 Puts @.57 214.89
If these puts expire worthless we will earn 6.7% in 29 days on a margin maintenance requirement of $3195.88. This equates to 84.3% annual. I was looking at the 48's for .44 but decided to take on a little more risk since this ETF is easy to roll down and out.
Thursday, January 19, 2012
New Trade: Johnson and Johnson (JNJ) Naked Puts
Today in a taxable account with JNJ trading at just under 65 I entered into the following transaction:
01/19/2012 STO 4 JNJ Apr 21 2012 60 Puts @.77 294.89
JNJ is obviously a long term hold. It is a dividend aristocrat, dividend champion, blue chip, widow and orphan core holding. If put to us our yield on cost will be over 3.8% with a dividend increase expected shortly after. We could then write covered calls on the position. If the puts expire worthless we will earn 8.73% in 93 days on margin maintenance of $3377.60 which equates to 34.26% annual. Of course we could choose to roll the position, we'll just have to see how things shake out.
01/19/2012 STO 4 JNJ Apr 21 2012 60 Puts @.77 294.89
JNJ is obviously a long term hold. It is a dividend aristocrat, dividend champion, blue chip, widow and orphan core holding. If put to us our yield on cost will be over 3.8% with a dividend increase expected shortly after. We could then write covered calls on the position. If the puts expire worthless we will earn 8.73% in 93 days on margin maintenance of $3377.60 which equates to 34.26% annual. Of course we could choose to roll the position, we'll just have to see how things shake out.
New Trade: SLV Naked Puts
Today in a taxable account with SLV trading at 29.65 I entered into the following transaction:
01/19/2012 STO 6 SLV Jan 27 2012 28 Puts @.15 75.46
The new weekly options on this came out today. I was so busy with other things that I missed out on last week's trade. The dollar seems to be weakening again and the precious metals bottomed a couple of weeks ago. If the trade goes against me I'll either close or roll out and down. If these puts expire worthless it is 2.94% return on margin maintenance of $2568.00 which equates to 134.1% annual.
01/19/2012 STO 6 SLV Jan 27 2012 28 Puts @.15 75.46
The new weekly options on this came out today. I was so busy with other things that I missed out on last week's trade. The dollar seems to be weakening again and the precious metals bottomed a couple of weeks ago. If the trade goes against me I'll either close or roll out and down. If these puts expire worthless it is 2.94% return on margin maintenance of $2568.00 which equates to 134.1% annual.
Thursday, January 12, 2012
Profitable Trade: GDX Naked Puts
Today I closed and took profits in the following transaction in a taxable account:
12/30/2011 STO 3 GDX Jan 21 2012 48 Puts @.5 137.71
01/12/2011 BTC 3 GDX Jan 21 2012 48 Puts @.02 -6.04
We made $131.67 in 12 days on a margin maintenance requirement of ~ $2300. This equates to a return on margin of 5.7% or 173.3% annual. This account is now all cash and we're waiting for the next opportunity. The market is feeling toppy but as we've learned we will let the prices come to us and not chase trades just for the sake of trading.
12/30/2011 STO 3 GDX Jan 21 2012 48 Puts @.5 137.71
01/12/2011 BTC 3 GDX Jan 21 2012 48 Puts @.02 -6.04
We made $131.67 in 12 days on a margin maintenance requirement of ~ $2300. This equates to a return on margin of 5.7% or 173.3% annual. This account is now all cash and we're waiting for the next opportunity. The market is feeling toppy but as we've learned we will let the prices come to us and not chase trades just for the sake of trading.
New Trade: Sold Coca-Cola (KO) Puts
Yesterday I entered into the following transaction in a taxable account:
01/11/2011 STO 4 KO Feb 18 2012 65 Puts @ .51 +190.95
Due to some fungus in orange juice, Coca-Cola was very weak yesterday. I took advantage of the opportunity to enter into a trade on this blue chip, dividend champion stock that needs no introduction. The margin maintenance on this trade is $4400. If they expire worthless we will earn $190.95 in 39 days. This equates to a return on margin of 4.34% or 40.61% annual. There is money in this account to purchase the shares if put to us but we'd probably roll for a net credit before we'd allow that to happen. Buying KO at 64.50 ain't a bad thing though.
01/11/2011 STO 4 KO Feb 18 2012 65 Puts @ .51 +190.95
Due to some fungus in orange juice, Coca-Cola was very weak yesterday. I took advantage of the opportunity to enter into a trade on this blue chip, dividend champion stock that needs no introduction. The margin maintenance on this trade is $4400. If they expire worthless we will earn $190.95 in 39 days. This equates to a return on margin of 4.34% or 40.61% annual. There is money in this account to purchase the shares if put to us but we'd probably roll for a net credit before we'd allow that to happen. Buying KO at 64.50 ain't a bad thing though.
Profitable Trade: SLV Naked Puts
Yesterday in a taxable account I closed the following transaction:
12/22/2011 STO 8 SLV Dec 30 2011 26 Puts @.09 55.94
12/29/2011 BTC 8 SLV Dec 30 2011 26 Puts @.38 -320.05
12/29/2011 STO 8 SLV Jan 21 2012 25 Puts @.7 +553.88
01/11/2012 BTC 8 SLV Jan 21 2012 25 Puts @.04 -32.10
This trade netted $257.67 in 19 days on ~ $2200 in margin. That is a return on margin of 11.71% or 224.95%. It also allowed me to exceed my goal of making 2 - 3% a month by writing naked puts on margin in this little account. I didn't milk the last $32 of the trade so I could possibly take advantage of the new weekly options that come out today. If one can enter into weekly option trade on Thursday or Friday, studies have shown that over the weekend there is ~ 30% drop due to time decay.
I should note that with the money I've made in this account through recent trades I am able to add to my holdings in my core dividend growth portfolio. Every time I earn $1000 I add to my holdings. Today I added 14 shares of Conoco-Phillips at 71.62. The yield is 3.67% and they are set to raise the dividend next time around. I like the idea of the company splitting and spinning off shares my way. I look at this as another little boat set to sail that will compound over time and bring me passive income.
12/22/2011 STO 8 SLV Dec 30 2011 26 Puts @.09 55.94
12/29/2011 BTC 8 SLV Dec 30 2011 26 Puts @.38 -320.05
12/29/2011 STO 8 SLV Jan 21 2012 25 Puts @.7 +553.88
01/11/2012 BTC 8 SLV Jan 21 2012 25 Puts @.04 -32.10
This trade netted $257.67 in 19 days on ~ $2200 in margin. That is a return on margin of 11.71% or 224.95%. It also allowed me to exceed my goal of making 2 - 3% a month by writing naked puts on margin in this little account. I didn't milk the last $32 of the trade so I could possibly take advantage of the new weekly options that come out today. If one can enter into weekly option trade on Thursday or Friday, studies have shown that over the weekend there is ~ 30% drop due to time decay.
I should note that with the money I've made in this account through recent trades I am able to add to my holdings in my core dividend growth portfolio. Every time I earn $1000 I add to my holdings. Today I added 14 shares of Conoco-Phillips at 71.62. The yield is 3.67% and they are set to raise the dividend next time around. I like the idea of the company splitting and spinning off shares my way. I look at this as another little boat set to sail that will compound over time and bring me passive income.
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