By way of update:
- Closed DAC 8/19 70C/75C - Bought for $1.20, sold for $2.11 (+76%) - 1% quarterly dividend yield for holders on record 2 weeks for now. Not sure that’s enough to sustain prices, .
- Closed GSL 9/16 17.5C/22.5C - Bought for $1.25, sold for $2.45 (+96%). Earnings is tomorrow, and don’t want a knife down like MATX. GSL is less well-regarded in the industry.
- Holding MATX 8/19 90C/95C - MATX crashed 10% today post-earnings, even though results were good. Bought $1.20, currently $0.825. Price seems to be returning so hopeful of exiting at least at break even.
- Holding ZIM 8/19 55C/60C. Bought at $0.815 average, currently $0.975. Earnings on 8/18, so bit of a runway still.