Latest Buy — Target
On 4/6/2017, I purchased an additional 75 shares of TGT in my standard brokerage account. I own about 75 shares in my Roth IRA so this was a new purchase in my taxable account. I eventually hope to get this amount to over 100 shares so I can sell call options on it. I also sold a put option on TGT expiring in May at a strike price of $50 to get some additional income. If TGT drops to $50, I’d be very happy to buy 100 more shares at $50/share.
The cost basis of TGT in my Roth is 65.16 so a purchase price of 53.88 significantly helps. This investment also adds an additional $180 in annual dividends. With this purchase I’m up to $6,833.87 in forward 12-month dividends.
Although I was going to be purchasing more TGT regardless, this article, Why Target (TGT) is a Buy, from one of my favorite investment guys, Frank Curzio, sealed the deal.