Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Join us today for the 2-day virtual tax conference packed with vital insights to thrive in the 2024 tax season. Click here to register.
Join us today for the 2-day virtual tax conference packed with vital insights to thrive in the 2024 tax season. Click here to register.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Industry Discussions
- :
- Tax Talk
- :
- Re: What Bear Market?
What Bear Market?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
BobKamman
Level 15
05-13-2022
12:40 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Has anyone else noticed that H&R Block shares are up 28% this week? When I have no other good ideas about what to do with my money, I’ll buy some of it for the 4% dividend and another 10% to 20% annual yield on covered call options. So last week I bought some at $25.45 and got back $1 of that by writing a June option at $26. This week it rose to $28 on a favorable earnings report, and today it is up to almost $32. Takeover candidate?
It will cost me $1 to roll the June 26 call to an October 28 call. Usually the stock peaks about this time of year, and then declines to the start of the next tax season. This is the highest it has been since 2015, when it hit $35.
1 Comment 1
IRonMaN
Level 15
05-13-2022
01:07 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
There are two stocks in the world that I would never buy. I won't mention names but they rhyme with Schlock and Inuit. Everybody else can try to get rich off of them, but I just don't have the intestinal fortitude to invest in either one.
Slava Ukraini!
