I'm trying to roatate into financials. But the markets feel toppy so I don't want to buy shares outright. Lately I've been writing puts in WFC, FITB, BAC, and JPM. So far no shares.
BAC and JPM have earnings out today, and in pre-market it looks like those puts will go worthless. I'd like to get shares, but cash isn't a bad consolation prize. Eventually there will be a pullback. Just takes patience.
Ryerson is a metals distributor and processor founded in 1842.[1] A subsidiary of Inland Steel from 1935 to 1996, it became an independent company in 1999 as Ryerson Tull, Inc. The company became Ryerson, Inc. 2006 and is headquartered in Chicago, Illinois. In 2008, the company was acquired by Platinum Equity, a holding company based in Beverly Hills, California; at this time, it was renamed Ryerson Holding Corporation. In 2014, the company went public,[2] and trades under the NYSE symbol RYI. Ryerson's distribution and processing capabilities encompass the following product categories: Stainless steel Sheet and coil, plate, bar, tubing, and pipe steel products Brass and Copper Aluminum Nickel alloys Metal architectural roofing material
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