Sold PUT Contract for Essex Property Trust

This morning, the Value Investment Fund sold a PUT contract on Essex Property Trust for 100 shares. The contract is for $10 a share netting $9 per share after fees of $1 per share. The expiration date is set for October 20, 2023 with a strike price of $200.00 per share. See this table:

For those readers unfamiliar with the company. Its intrinsic value is estimated at $280 per share and it peaked at $353 in March of 2022. As a real estate investment trust it pays more than 90% of its earnings as dividends. In two weeks, this company will issue a dividend of $2.31 per share and it is expected to continue this dividend payout each quarter. This is a highly desirable investment because at $200 per share, the annual dividend yield exceeds 4.5%.

The REIT’s pool on this website has this stock as a buy at $260 per share. Overall, the Fund desires to purchase this investment at $200 per share and will act on this if the price does drop to $200 per share in the interim period. Act on Knowledge.

Past Performance is NOT Indicative of Future Returns.

Through September 30, 2024 (Click to Enlarge)

The performance information for the Value Investment Fund (the Club) has been presented as of a particular date. This site's facilitator is providing the standard WARNING about investing. The above chart's information will not reflect subsequent changes with factors that will impact the performance of the Value Investment Fund (review the market wide decline experienced in calendar year 2022). Accordingly, the performance metrics on this website should not be considered an indication of likely or possible future returns. With that said, this is also true of all other forms of investing and indices. The absolute best tool for any investor is RISK REDUCTION as explained in the FIRST principle of value investing.

Furthermore, investing is risky and as such, it is encouraged that visitors/members limit their respective capital outlays to amounts they can comfortably afford to lose or experience reductions in value.

Value Investing is a systematic process of buying low and selling high based on risk reduction, intrinsic value, financial analysis and patience. THIS IS NOT A GET RICH QUICK SCHEME; it requires thoughtful evaluation from participants.

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Value investing utilizes a buy low, sell high tenet of systematic processing of stock and other security investments. Value investing reaps substantially greater returns than all other major market measurement indices (DOW, S&P 500, Russell 2000, NASDAQ, etc.). The average annual pre-tax return is >20%. When you subscribe, you receive access to all existing articles, books, lessons, webinars and reports explaining how value investing works. In addition, each month, the subscriber receives additional articles, reports and buy/sell points for high quality stock purchases. Follow along as the fund updates regularly and discover how to invest like a pro and earn excellent returns on your investment. Subscription is for one year of access to the value investing pool of information.

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