Gladstone Investment Corporation - 5.00% Notes Due 2026 Stock (NASDAQ: GAINN)

Latest news for Gladstone Investment Corporation - 5.00% Notes Due 2026 (NASDAQ:GAINN) Stock

Gladstone Investment Corporation - 5.00% Notes Due 2026

One day after the Fed's decision to lower interest rates by 0.5%, with the plan to lower 1% more before the end of the year, what the charts might do over the coming weeks into the election has all changed.
The moves up in the markets we're seeing suggests that short positions have been forced to leave the market. From my reckoning, this suggests that we have a pullback ahead into a choppy range.
And I have the trade to profit from that right here…
Today, we will use $SMCI to set up a trade with a short iron condor.&nbsp; 
The premise is the following – we will sell a short call spread and a short put spread for a credit which pays us first but holds margin in our account while the position loses value. When we sell spreads, we are anticipating that we can buy them back cheaper for a profit.
Trade structure – the short iron condor
<ul>
<li>Sell to open 1 SMCI 15 Nov 500 calls</li>
<li>Buy to open 1 SMCI 15 Nov 520 calls</li>
<li>Sell to open 1 SMCI 15 Nov 360 puts</li>
<li>Buy to open 1 SMCI 15 Nov 340 puts</li>
</ul>
The credit we can collect here is $10.60.
Different to a long position, the short position has a risk event that is calculated in the following way:
<ol>
<li>The distance between the two call spreads: $500 &#8211; $520 = $20.</li>
<li>The distance between the two put spreads (also $20 here) but you can design them anyway you like. This defines the total risk.</li>
<li>We collect a credit that lowers this risk: $20 &#8211; $10.60 = $9.40, which defines the total risk we accept if the stock tests and holds either of the long strikes in question.</li>
<li>The breakeven prices are as follows: $510.60 on the call side ($500 + $10.60) and $349.40 on the put side ($360 &#8211; $10.60).</li>
<li>The goal will be to collect 50% of the collected about or we sell the position with about 18 days before expiration if the stock begins to move around near the edges.</li>
</ol>
The strategy result provides three choices to exit the trade.
<ol>
<li>To sell the position once the 50% profit is achieved (or whatever profit you deem acceptable).</li>
<li>To buy back the short iron condor spread once it hits your loss threshold as determined by personal risk. This will happen with extreme movement.</li>
<li>To buy back the short iron condor with 18-21 days before expiration. If all is going well and you have decided to hold the trade into closer to the end of expiration, consider at least taking some of the position off as risks tend to rise the closer we are to expiration. I have had many a trade go sideways taking it down to the wire and not capturing gains, so I do not advise doing this.</li>
</ol>
<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9spmirebz43&amp;utm_source=RD-0919">If You Want More Trade Profitable Ideas, Get 3 New Stocks To Trade Every Sunday and Never Run Out Of Ideas</a>
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Opinion

Trading Ideas

The Perfect Trade After The Fed Cut Interest Rates

B of A Securities analyst Rafe Jasrosich maintains Builders FirstSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLDR#NYSE">BLDR</a>) with a Neutral and raises the price target from $165 to $198.

News

Price Target

Analyst Ratings

BLDR

B of A Securities Maintains Neutral on Builders FirstSource, Raises Price Target to $198

TD Securities analyst Vince Valentini maintains BCE (TSX:<a class="ticker" href="https://www.benzinga.com/stock/BCE#TSX">BCE</a>) with a Hold and raises the price target from C$50 to C$51.

TSX:BCE

TD Securities Maintains Hold on BCE, Raises Price Target to C$51

IDs in Wallet provides an easy, secure, and private way for residents to present their IDs with iPhone and Apple&nbsp;Watch
<a href="https://www.apple.com/newsroom/2024/09/apple-brings-california-drivers-licenses-and-state-ids-to-apple-wallet/" title="https://www.apple.com/newsroom/2024/09/apple-brings-california-drivers-licenses-and-state-ids-to-apple-wallet/">https://www.apple.com/newsroom/2024/09/apple-brings-california-drivers-licenses-and-state-ids-to-apple-wallet/</a>

AAPL

Apple introduces California driver's licenses and state IDs in Apple Wallet as part of California DMV's mDL pilot program

Jade City on Thursday unveiled a new white paper outlining its vision to democratize access to the global $50 billion jade market through the launch of its <a href="https://www.benzinga.com/content/39835765/rwa-tokenization-is-the-1-crypto-trend-of-2024">real-world asset (RWA) tokenization platform</a>.
What Happened: The initiative seeks to provide broader access to a market that has historically been limited to a select few, using blockchain technology to bring transparency and security to the jade value chain.
Jade City's platform will allow investors to participate in the jade market by acquiring its native Jade City Token (CRYPTO: JCT), a digital asset that enables token holders to benefit from the value generated through the purchase, processing, and sale of jade.
The platform's unique business model includes a "buy and burn" mechanism, which will funnel profits from jade sales back to $JCT holders, ensuring long-term value growth.
A key feature of the platform is its jade-backed bond issuance system, which allows users to earn interest by staking stablecoins. 
These bonds are tied to physical jade, providing investors with exposure to an asset class that has seen rising demand, particularly in China, where the jade jewelry market has grown tenfold since the early 2000s, surpassing the diamond market in size.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40942247/microstrategys-bitcoin-playbook-is-becoming-a-hit-among-companies-but-theres-a-catch">MicroStrategy&#8217;s Bitcoin Playbook Is Becoming A Hit Among Companies, But There&#8217;s A Catch</a>
"Our white paper offers a comprehensive account of how we will democratize access to the $50 billion-plus jade market for investors who have never had access before," said William Ralston-Saul, CEO of Jade City. "Jade is uniquely positioned to show how real-world asset tokenization can revolutionize an ancient market, making it accessible and lucrative for anyone who wishes to participate."
By partnering with the owners of the world's largest jadeite mine, Jade City has secured substantial holdings in jadeite, a sought-after gemstone in the global market. 
Additionally, the company has established key sales channels with major distributors in China, positioning itself to become a leading player in the jade industry.
What&#8217;s Next: The upcoming Benzinga <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19 is expected to feature discussions on similar RWA tokenization projects and their potential impact on traditional markets.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40937057/bitcoin-ethereum-etfs-see-over-50m-net-outflows-despite-feds-50-bps-rate-cut">Bitcoin, Ethereum ETFs See Over $50M Net Outflows Despite Fed&#8217;s 50 Bps Rate Cut</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Jade City To Democratize Access To $50B Jade Market With Tokenization Platform

<a href="https://www.youtube.com/watch?v=uxd8kAq8Uxw" title="https://www.youtube.com/watch?v=uxd8kAq8Uxw">https://www.youtube.com/watch?v=uxd8kAq8Uxw</a>

Macro Economic Events

Politics

Economics

Federal Reserve

General

President Biden Says It Would Do Enormous Damage To Economy If Federal Reserve Lost Its Independence; I "Never Once" Spoke To Fed Chair Since Taking Office

B of A Securities analyst Rafe Jadrosich maintains Toll Brothers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) with a Buy and raises the price target from $160 to $165.

B of A Securities Maintains Buy on Toll Brothers, Raises Price Target to $165

Hawaiian Electric Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) shares are trading lower on Thursday. Hawaiian Electric entered into an Equity Distribution Agreement to issue common shares of up to $<a target="_blank" href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0000354707/f4d7e872-593c-481c-8ea0-7a7f8b2462bd.pdf" rel="noreferrer noopener">250 </a>million.
The company is issuing shares through several agents Wells Fargo Securities, LLC, Barclays Capital Inc., and Guggenheim Securities, LLC. via an &#8220;at the market offering.&#8221;
The agents will follow the company&#8217;s instructions and receive up to 1% commission on gross sales proceeds, with customary indemnification provided.
Last month, Hawaiian Electric and its subsidiary reached an agreement in principle to settle tort-related claims from the Maui windstorm and wildfires <a target="_blank" href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0000354707/ad1155b1-5839-4cff-827d-e447c24d4630.pdf" rel="noreferrer noopener">litigation </a>for $1.91 billion.
This amount, reduced by a $75 million credit, will be paid in four annual installments starting in mid-2025.
The settlement is pending final documentation and court approval.
HEI previously accrued a $1.71 billion loss for these liabilities, which may be adjusted as the settlement process evolves.
Apart from this, Hawaiian Electric and PAR Hawaii Refining extended their Petroleum Fuels Supply Agreement <a target="_blank" href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0000354707/debe7995-891c-4bdc-b05f-183504b795dd.pdf" rel="noreferrer noopener">through </a>January 31, 2029, with automatic one-year renewals unless terminated with 120 days&#8217; notice.
Price Action: HE shares are trading lower by 10.1% at $10.84 at the last check Thursday.
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/06/39276863/aes-kuihelani-facility-biggest-solar-plant-in-hawaii-flips-the-switch-on-clean-energy" target="_blank" rel="noreferrer noopener">AES&#8217; Kuihelani Facility: Biggest Solar Plant In Hawaii Flips the Switch on Clean Energy</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Offerings

Small Cap

Movers

What's Going On With Hawaiian Electric Shares On Thursday?

B of A Securities analyst Rafe Jadrosich maintains Smith Douglas Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SDHC#NYSE">SDHC</a>) with a Neutral and raises the price target from $36 to $40.

SDHC

B of A Securities Maintains Neutral on Smith Douglas Homes, Raises Price Target to $40

Alliance Global Partners initiates coverage on Global Medical REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMRE#NYSE">GMRE</a>) with a Buy rating and announces Price Target of $12.

Initiation

GMRE

Alliance Global Partners Initiates Coverage On Global Medical REIT with Buy Rating, Announces Price Target of $12

WIIM

ADNT

CVNA

ORLY

TSLA

Shares of auto-related stocks are trading higher following the Fed's policy decision to cut rates by 50 basis points, which could stimulate spending and enhance credit affordability.

B of A Securities analyst Rafe Jadrosich maintains PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) with a Buy and raises the price target from $138 to $160.

B of A Securities Maintains Buy on PulteGroup, Raises Price Target to $160

B of A Securities analyst Rafe Jadrosich maintains Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Neutral and raises the price target from $171 to $190.

B of A Securities Maintains Neutral on Lennar, Raises Price Target to $190

<a href="https://www.cnbc.com/2024/09/19/teslas-chinese-rival-nio-cuts-price-for-new-onvo-branded-car.html">https://www.cnbc.com/2024/09/19/teslas-chinese-rival-nio-cuts-price-for-new-onvo-branded-car.html</a>
&nbsp;

Reported Earlier, "Onvo, The Lower-Priced Brand Launched By Premium Electric Car Company Nio, Announced Its First Car, The L60 SUV, Would Start As Low As 149,900 Chinese Yuan ($21,210) When Buying Battery Services" - CNBC

Jones Trading analyst Debanjana Chatterjee initiates coverage on Pharvaris (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHVS#NASDAQ">PHVS</a>) with a Buy rating and announces Price Target of $46.

PHVS

Jones Trading Initiates Coverage On Pharvaris with Buy Rating, Announces Price Target of $46

WestPark Capital analyst Paul Rodriguez reiterates CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) with a Hold.

Reiteration

CRWD

WestPark Capital Reiterates Hold on CrowdStrike Holdings

B of A Securities analyst Rafe Jadrosich maintains KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) with a Neutral and raises the price target from $75 to $90.

B of A Securities Maintains Neutral on KB Home, Raises Price Target to $90

<a href="https://x.com/BittGDCG/status/1836817442049257727" title="https://x.com/BittGDCG/status/1836817442049257727">https://x.com/BittGDCG/status/1836817442049257727</a>

PENN

WYNN

Shares Of PENN Entertainment Seeing Volume; Gaming Analyst, Steve Bittenbender, Post On X, "The New York State Gaming Commission is scheduled to consider PENN Sports Interactive's application  to purchase Wynn Bet's NY sports betting rights at its meeting Monday afternoon  If approved, it would open the door for ESPN BET to launch in the Empire State."

B of A Securities analyst Rafe Jadrosich maintains D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) with a Buy and raises the price target from $196 to $215.

B of A Securities Maintains Buy on D.R. Horton, Raises Price Target to $215

B of A Securities analyst Rafe Jadrosich maintains Dream Finders Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFH#NYSE">DFH</a>) with a Neutral and raises the price target from $35 to $38.

B of A Securities Maintains Neutral on Dream Finders Homes, Raises Price Target to $38

Ares Capital's NAV, Valuation, And Dividend Vs. 14 BDC Peers - Part 1 (Includes Recommendations As Of 3/8/2024)

Ares Capital's NAV, Valuation, And Dividend Versus 14 BDC Peers - Part 2 (Includes Q2 + Q3 2024 Dividend Projection)

Gladstone Investment (GAIN) Q4 2024 Earnings Call Transcript

Ares Capital's NAV, Valuation, And Dividend Vs. 13 BDC Peers - Part 1 (Includes Recommendations As Of 5/27/2024)

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Gladstone Investment (GAIN) Q1 2025 Earnings Call Transcript

Golub Capital BDC's NAV, Valuation, And Dividend Vs. 14 BDC Peers - Part 1 (Includes Recommendations As Of 8/23/2024)

Golub Capital BDC's NAV, Valuation, And Dividend Vs. 14 BDC Peers - Part 2 (Includes Dividend Projection)

ARCC

BBDC

BDCX

BDCZ

BIZD

BXSL

CSWC

CSWCZ

GAIN

GAINL

GAINN

GAINZ

GBDC

HCXY

HRZN

HTFB

HTFC

HTGC

MAIN

MFIC

MFICL

NEWT

NEWTG

NEWTI

NEWTL

NEWTZ

OBDC

OCSL

PFLT

PSEC

SLRC

TCPC

TPVG

TRIN

TRINL

TRINZ

TSLX

<ul><li>Gladstone Investment (NASDAQ:<a class="ticker" href="/stock/GAINO#NASDAQ">GAINO</a>) - 0.140625 dividend</li><li>Phillips 66 (NYSE:<a class="ticker" href="/stock/PSX#NYSE">PSX</a>) - 0.8 dividend</li><li>Gladstone Investment (NASDAQ:<a class="ticker" href="/stock/GAINN#NASDAQ">GAINN</a>) - 0.135417 dividend</li><li>Gladstone Investment (NASDAQ:<a class="ticker" href="/stock/GAIN#NASDAQ">GAIN</a>) - 0.067 dividend</li><li>TechnipFMC (NYSE:<a class="ticker" href="/stock/FTI#NYSE">FTI</a>) - 0.13 dividend</li><li>Gladstone Land (NASDAQ:<a class="ticker" href="/stock/LAND#NASDAQ">LAND</a>) - 0.04435 dividend</li><li>Israel Chemicals (NYSE:<a class="ticker" href="/stock/ICL#NYSE">ICL</a>) - 0.043 dividend</li><li>Gladstone Commercial (NASDAQ:<a class="ticker" href="/stock/GOODM#NASDAQ">GOODM</a>) - 0.145833 dividend</li><li>Fortis (NYSE:<a class="ticker" href="/stock/FTS#NYSE">FTS</a>) - 0.425 dividend</li><li>Gladstone Land (NASDAQ:<a class="ticker" href="/stock/LANDP#NASDAQ">LANDP</a>) - 0.132813 dividend</li><li>Main Street Capital (NYSE:<a class="ticker" href="/stock/MAIN#NYSE">MAIN</a>) - 0.19 dividend</li><li>Woodward (NASDAQ:<a class="ticker" href="/stock/WWD#NASDAQ">WWD</a>) - 0.1425 dividend</li><li>Provident Financial Hldgs (NASDAQ:<a class="ticker" href="/stock/PROV#NASDAQ">PROV</a>) - 0.14 dividend</li><li>Gladstone Commercial (NASDAQ:<a class="ticker" href="/stock/GOOD#NASDAQ">GOOD</a>) - 0.125 dividend</li><li>Gladstone Capital (NASDAQ:<a class="ticker" href="/stock/GLAD#NASDAQ">GLAD</a>) - 0.07 dividend</li><li>Brunswick (NYSE:<a class="ticker" href="/stock/BC#NYSE">BC</a>) - 0.19 dividend<ul><li>Gladstone Capital (NASDAQ:<a class="ticker" href="/stock/GLADN#NASDAQ">GLADN</a>) - 0.125 dividend</li></ul></li><li>Gladstone Investment (NASDAQ:<a class="ticker" href="/stock/GAINM#NASDAQ">GAINM</a>) - 0.130208 dividend</li><li>Gladstone Commercial (NASDAQ:<a class="ticker" href="/stock/GOODO#NASDAQ">GOODO</a>) - 0.15625 dividend</li><li>Gladstone Commercial (NASDAQ:<a class="ticker" href="/stock/GOODP#NASDAQ">GOODP</a>) - 0.161458 dividend</li></ul>Why this information is important: &ldquo;Ex-dividend date&rdquo; refers to the day a stock will begin trading excluding the value of the dividend which is currently being paid to shareholders. On the date the stock will begin trading ex dividend, the value of the current per-share dividend will be removed from the value of the stock. For example, if Apple paid a $2 per share dividend on May 10, shares of Apple should technically be trading $2 lower at the start of that day&rsquo;s trading

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Gladstone Investment Corporation - 5.00% Notes Due 2026

News

Latest news for Gladstone Investment Corporation - 5.00% Notes Due 2026 (NASDAQ:GAINN) Stock

Friday, August 17, 2018