Boring trades and options today...Conagra (CAG)

Discussion in 'Stocks' started by Cabin111, Nov 4, 2021.

  1. Cabin111

    Cabin111

    Had money on the sidelines again...Earning nothing in the money market accounts.

    Bought 100 shares in our trust account and 100 shares in my Roth IRA...Optioned both for income.

    Bought CAG at $32.44 Optioned the June 22 $34. I got $1.40 ($140.) for the option. The other one I bought at $32.35 Optioned the June 22 $33. I got $1.80 ($180.) for that one.

    There is also a 3.8% dividend on this stock...Don't mind holding through a recession. I feel the government will not eliminate food stamps, no matter who is in office. This company can drop unprofitable produces when need be. I am sure they already pay hundreds of millions of dollars each year for shelf space to the retailers. Dropping a product here or there (or adding), will not change their outlook.

    Inflation is a concern, but I believe they can pass on price increases because so many people use food stamps. We'll see...

    https://www.google.com/url?sa=t&rct...s.com/brands&usg=AOvVaw0nL8JIlkEgQYEvwdyRkO2M
     
    Last edited: Nov 4, 2021