MetLife, Inc. provides life insurance, annuities, employee benefits, and asset management products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. It operates in six segments: Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America; Asia; and Europe, the Middle East and Africa. The company provides variable, universal, term, and whole life products; individual disability income products; personal lines property and casualty insurance, including private passenger automobile, homeowners, and personal excess liability insurance; and variable and fixed annuities for asset accumulation and distribution needs, as well as mutual funds and other securities products. It also offers group insurance products, such as variable, universal, and term life products; dental, group short- and long-term disability, and accidental death and dismemberment coverages; and voluntary and worksite products consisting of personal lines property and casualty insurance, as well as LTC, prepaid legal plans, and critical illness products.
$45.5 Billion for Metlife because of east coast bias...sell this junk immediately before reality sets in New York
Upcoming dividend information: Ex-Div-Date: 11/3/16 Payment Date: 12/13/16 Dividend: $0.40 Current Price: $46.98 Annual Yield: 3.41%
Big $5B miss in revenues. Right now sitting on the bottom of this channel Maybe get a dead cat bounce from here, but watch that 50 sma.
So I sold a couple of 54.50 puts expiring August 4th. Got $1.10/share for them. Thinking MET is retesting its breakout. Unfortunately, some volume came into the underlying market going into the close and it closed low end, but trading small and we'll see if it can catch a bounce in the next couple weeks. The ER and CC is August 3rd before the open. A 40 cent (2.9% annual yield) divvy was declared for owners of record as of Aug 7th. So if I get put the stock on the 4th/5th I wouldn't be an owner of record; wouldn't make 3-day clearing by the Monday, August 7th. Will have to keep that in mind if I'm still in the trade that far out. Daily:
The beautiful thing about selling puts instead of buying calls, at least in this case, is that even though the underlying went against me (went down), I still made a profit. Sold the puts when they were close to at-the-money for $1.10 and bought them back when they were about 50 cents in-the-money (underlying = 54.00) for $0.50; a $0.60 profit less commissions. I sold $1.10 of pure premium (all extrinsic value) which decayed to practically nothing and was able to buy them back for only their 50-cent intrinsic value.
Metlife shares drop after postponing earnings release Source: https://www.cnbc.com/2018/01/29/met...than-6-percent-after-postponing-earnings.html Metlife previewed earnings on Monday that fell far short of Wall Street expectations and rescheduled its fourth-quarter release. The company said it sees adjusted earnings between 61 cents and 66 cents a share. Analysts had previously forecast earnings of about $1.08 per share. Metlife had originally planned to report its fourth-quarter and full-year results on Jan. 31 and Feb. 1, respectively. But now the company said it will post those results after the market close on Feb. 13. Shares of Metlife dropped as much as 10 percent in after-hours trade. They have since recovered some of those losses, but were still trading about 5 percent below their closing price of $54.40.
May dip below the lower blue line in the next couple weeks when the delayed ER comes out But it tends to recover quickly on those dips in the last 2 years. See what it does the next couple of days, with the 50ma above the 200 ma this might not dip any more.
