#divfade

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DivFade Worked, Tradeus Interruptus - LINE RAD TZA TNA

The Divfade worked faster than expected on Lin Energy (LINE). Between the dividend and the share price appreciation, return was .86% for a one-day turnaround.

I watched TZA climb climb and fall with the market nerves this week. I set a $16.87 limit price. Though it is up about 6.9% in 10 days, I think it is poised to go higher with so much talk of a correction.

Rite Aid (RAD), on the other hand, I should have let go at $7.42. I set a higher limit, thinking I would catch any market surprise at the opening, or would adjust once I had some data. My day was otherwise occupied, and it nearly sold, but not quite.

DateIn Tick Name Cost Price P/L %Yr DateOut Held 7/8LINELinn Energy LLC Units$32.50$32.590.86%313.71%7/917/9RADRite Aid$7.32 ...............6/30TZAProShares Ultra VIX Short-Term Futures ETF$14.16 ...............

TZA converging with TNA (comparison line, in gold)

Other capital is tied up in longer-term positions, and some in TZA, TNA and UVXY, which will take time to recover. TZA and TNA have converged, like they did in mid-June. This makes the leveraged pair trade strategy slower and less profitable.

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WAG and MU and Say Hello?

Walgreens and Micron

Captured mild gains in Walgreens (WAG) and Micron (MU) today. Glad to be fully out, as today's prices were above 20 day average. I sold a quarter of the MU position to cover commissions for the trade. I do not mind hanging onto the rest for awhile. Analysts at Needham set a target of $50 on MU. Then, there was one "Too bullish on MU?" article late in the afternoon, and it dropped like a rock.

DateIn Tick Name Cost Price P/L %Yr DateOut Held 6/24WAGWalgreens$73.38$73.520.17%62%6/241$1.24 6/24MUMicron$32.48$32.520.07%25%6/241$1.07 6/24MUMicron$32.48$32.710.68%125%6/262

If the DivFade on New York Mortgage (NYMT) works, all the profit will come from dividends. Also would not be a bad security to hold. Vanguard High Dividend Yield Index ETF (VYM) finally dipped a bit today, though not to my previous limit order. VYM is a buy and hold for one year, to get the commission-free trade.

DateIn Tick Name Cost Target P/L %Yr Est DateOut Hold Plan 6/24NYMTNew York Mortgage$8.12$8.123.08%561.47%6/262 6/24VYMVanguard High Dividend Yield Index ETF$66.36$111.1167.16%66.98%6/25366

Do you think that Walgreens is headed up or down tomorrow? How about Micron?

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DivFade on NYMT, TNA sold

Am going for a DivFade on New York Mortgage (NYMT). It was near the top of my DivFade Evaluator Screen, which filters out securities with illiquid volume. Mortgage and capital resource companies are almost always the top third, by Yield.

TickNameYieldEx-Dividend DatePayoutLast%Change TodayWMCWestern Asset Mor23.98%6/260.6715.01+0.27%RSOResource Capital13.82%6/260.25.790.00%NYMTNew York Mortgage13.3%6/260.278.12+0.12%

NYMT has better valuation metrics than the top two.

TNA - Overnight Holds Leads to Morning Sale

Should have set a higher limit, as it turns out, but I am glad to bring it back to short-term. Now, the UVXY has been accumulating over the last two or three sessions. May need some kind of market correction for it to pay off. Insurance policy?

DateIn Tick Name Cost Price P/L %Yr DateOut Held 6/23TNADirexion Daily Small Cap Bull 3X Shares$79.88$80.050.19%71%6/241

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DivFades, Fades, and an Oops - KO ARCC RAD BSX TNA UVXY

DivFades that Sold Today

KO sold via a fire-and-forget limit order. I liked ARCC so much that I bought blocks of it in 2 accounts, 6 days ago. Late in the day, I noticed that ARCC had gapped-up earlier, and I did the math and adjusted my targets to take profits.

DateIn Tick Name Cost Price P/L %Yr DateOut Held 6/11ARCCAres Property$17.21$17.282.56%156%6/176 6/11ARCCAres Property$17.22$17.292.21%134.17%6/176 6/11KOCoca Cola$40.94$41.020.79%48.28%6/176

Fades in One Day or Less

Rite Aid took a day to do the dead-cat-bounce. TNA sold in under 15 minutes. Wish I had held onto it longer, as it peaked at $78.56, about 4% up.

DateIn Tick Name Cost Price P/L %Yr DateOut Held 6/17TNADirexion Daily Small Cap Bull 3X Shares$75.48$77.803.06%1117%6/171 6/17TNADirexion Daily Small Cap Bull 3X Shares$75.48$76.130.85%309%6/171 6/16RADRite Aid$7.07$7.191.61%588%6/171 6/16RADRite Aid$7.07$7.211.88%685%6/161

Boston Scientific Gapped Down

Sold half of today's BSX position to cover commissions. Other half, keeping overnight with price target as shown.

DateIn Tick Name Cost Price P/L %Yr DateOut Held 6/17BSXBoston Scientific$12.54$12.610.12%42.23%6/171 6/17BSXBoston Scientific$12.54$12.83

New Positions Held Overnight

Besides BSX, I'm holding onto some UVXY that dropped after I bought it. It peaked at $34.32 after the purchase.

DateIn Tick Name Cost Close Unrealized Loss Target 6/17UVXYProShares Ultra VIX Short-Term Futures ETF$32.28$30.95-4.16%$33.43 6/17UVXYProShares Ultra VIX Short-Term Futures ETF$32.29$30.95-4.19%$34.43

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DivFade: 3M MMM

Bought on dip at $140.18, waited for dividend, sold at $140.49. Would that I could do so every day. :)

MMM DivFade over 5 days

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CLF: Successful DivFade

I bought Cliffs Natural Resources (CLF) at $16.03, sold at $16.20 one day later, having captured the dividend.

Cliffs Natural Resources (CLF)

CLF dipped just before the ex-Dividend date, a perfect opportunity

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CMI Sells in DivFade Trade

I lowered my target (too much), and CMI sold at $147.75

Up 0.18% in 1 day held, 66.38% annualized.

Dividend adds to that profit, in what I'm calling a DivFade Trade.