3speak.online is being slow, so I am posting this to YouTube first.
In this video I take a look at Xerox Holdings Corporation ($XRX) as a nice play to pick up in these trying times. It's paying a 5-6% dividend, and I go through the financial statements to determine if I think that dividend is sustainable.
In this case, I think the 1.00 dividend is sustainable, but recognize there may be a small cut depending on how the rest of the year goes. For me, that's OK.
So XRX passes the test, and I'll add it to my portfolio, which moves it to the tactical trading area. I plan to sell some cash-secured puts. If the stock falls below my strike, I'll get put the stock and start earning dividends. If it stays above my strike, the put will expire worthless and I'll move on to the next trade.
See my subsequent post for trade details: https://leofinance.io/hive-167922/@nealmcspadden/xrx-put-sale-details
#posh links
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I like the trade set up.
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I will take a closer look at your setup. Nice to see a fellow put seller.
If you need more ideas, I posted an 11 day trade on GDX today.
Yeah I saw that. You are much more aggressive than me :)
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