I've got ENB and TWO. I got ENB accidentally because they bought some other company I had stock in. It seems like it should be great, and I guess it's been okay in the current climate. I think it's running about breakeven for me if you include the dividend, maybe up a few percent a year in the two or three years I've had it.

TWO is not a great story. It's pretty much muddled along for me at breakeven for the past three years or so, with a good dividend but a declining price. And then with covid it tanked really badly. I think I'm down 60 or 70 percent, so I would feel comfortable calling it a disaster. Maybe it's a good buy now, but to be honest I wasn't thrilled with it before the crash.
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That's what I was told by an investor. A lot of the huge companies are discovering they can save tons of money by letting employees operate from their homes. It's going to be a different world on the other side of this pandemic. Offices will be empty.
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I have the ENB, the FTAI looks intriguing.
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Ah yes. Never mind then. Fire away.
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I will be selling starting July 1st. A lot of money still has to move. Targets of opportunity I am considering are schwab, Starbucks, Verizon. Kind of a value mindset with the intent to play the wheel.
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I am thinking early next week, the quarter end rebalancing plus covid concerns will continue the bloodbath. Should be a good time to sell puts with lower prices and elevated volatility. I intend to implement the wheel strategy on margin going forward.
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How far out/in the money and timeline do you implement?

I’ll have to look up wheel strategy.
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I had to look up wheel strategy also. I’ve heard of dudes doing it but never heard it called the formal name.
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For the bulk of my plays, I think it will vary. Basically shooting for the 80% chance of expiring out of the money, but I would have to be happy to own it at the strike too. In evaluating companies, I like strong balance sheets cash flow. I cannot understand the valuations of these growth companies. They don't make sense.

Then there are some of these stocks where the premiums are so high, it's like finding 1000 bucks just laying in the street. I sold NKLA 30 puts for ten days out while the stock was around 65. I got 120 per contract. I sold FSLY puts thursday 10 percent out of the money and got 85 per contract. For a day and a half of tying up margin balance.
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Naked puts are risky if the sell off is huge. Do you carry enough to cover if stocks are placed on you?
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Holy shit. Albertson’s grocery just went public. I can’t believe it’s been private all these years!

https://www.google.com/amp/s/www.wsj...le-11593262800
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Yes, Cerberus Capital Management bought a bunch of grocery stores, taking them all private including Safeway and Genuardi's

Dan Qualyle is one of their leadership team
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Yes, selling puts on cash and margin. You have lots of options to deal with potentially assigned shares. But due diligence is the real risk mitigation.
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good article about helping or not helping your millennial children

What to do if your kid's emergency fund is ... you


By Liz Weston NerdWallet JUNE 27, 2020 — 2:18PM


Financial fallout from the pandemic is hitting millennials hard — and many will soon turn to their parents for help, if they have not already.

Before parents ride to the rescue, financial planners urge them to map out a strategy that doesn’t just plug a short-term need but also makes sense in the long run.

“Often the heartstrings will get pulled — ‘I really have to help them!’ — but it can be detrimental to the parent,” said certified financial planner Jeffrey L. Corliss of Westport, Conn.

(Of course, financial aid can flow the other way, as many millennials help support their parents. I’m addressing parents here, but most of the advice applies to kids helping their folks as well.)

Even before the pandemic, millennials had lower median incomes, far more debt and a much smaller slice of the nation’s wealth than boomers had at the same age. Millennials — usually defined as those ages 24 to 39 — are more likely than older generations to have lost jobs or household income because of the pandemic, surveys show.

“I’ve already seen clients coming in, worried about their kids,” said CFP Deborah Badillo of Miami. “ ‘They’re going to lose the house! What can I do to help them?’ ”

Have them explore alternatives

Encourage your kids to take full advantage of available financial help before extending yours, Badillo said. Unemployment benefits have been dramatically expanded because of the pandemic. Weekly payments are higher and are available to people who normally wouldn’t qualify, including gig workers, the self-employed and people whose hours have been reduced.

In addition, there are many more options for people struggling to pay debt. Most mortgages qualify for forbearance programs that allow homeowners to skip payments for up to a year. Hardship programs have been added or expanded by credit card companies and other lenders. Federal student loan payments have been paused until Sept. 30, and income-driven programs can reduce payment amounts after that.

Another option is a corona*virus hardship withdrawal, which allows people to tap their IRAs and 401(k)s without penalty if they were physically or financially affected by COVID-19. The withdrawals are taxable, but if the money is paid back within three years those taxes are refundable. Raiding retirement funds isn’t ideal, of course, but your kids have many more years to replenish their retirement savings than you do.

Assess your own situation

While your kids are filing for unemployment and calling their lenders, take a moment to assess your own finances. Where will the cash for your kids come from? It’s one thing to give away money you have been saving for a vacation, since you’re unlikely to travel soon anyway. It’s quite another to undermine your own ability to retire or handle a layoff or other setback.

Some parents make a conscious decision to operate with a smaller cushion, or to delay their retirements, to help their children, said CFP Lazetta Rainey Braxton in New York. Just keep in mind that you may not get to decide when you retire. Many workers retire earlier than expected, often because of a health problem or job loss. Helping your children now could mean you have to lean on them later, Braxton says. If you are not sure what effect this financial aid will have on your future finances, a consultation with a fee-only financial adviser could bring you some clarity.

Set some boundaries

Financial planners typically recommend deciding how much to give, and then setting clear boundaries about when the financial help will end. That’s tricky now, of course, because no one knows how long the current economic crisis will last.

But parents can still set expectations in other ways, financial planners said. If the child didn’t have an emergency fund, for example, parents can discuss the importance of saving money out of every future paycheck, so the child won’t have to rely on family help again, Braxton said.

“Some parents will just put on a Band-Aid and give them money, but they really haven’t helped in terms of their financial capacity,” Braxton said.

If an adult child is moving back home, Corliss suggests a written contract outlining chores and responsibilities, such as how soon they will be expected to move out after finding a job. A similar end date can be set for any cash the parents hand out. Corliss said the message should be clear: “We expect you to get on your feet as soon as you can.”
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I’m a millennial.

I went to college right out of high school. My parents helped me with school (but I also held a part time job each semester) but on one condition, I was told I’d never be allowed to live with them after high school. It was school or get a job if I found college wasn’t for me. I had tons of friends who “needed” to move back in with their parents in their mid 20’s for an extended time.
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