Nah, not a big trade. I already own ES, I like it, and I’m ready to own a hundred shares more, especially at $55. My average cost so far is $57.14.
ES’ earnings curve looks about as predictable as it gets (not sure what happened in 2005, but who cares), their dividend didn’t miss a beat (including 2005).
Sure, it’s not a growth stock, but it’s a reliable dividend payer & grower. Compound Dividend Growth Rate of about 8% over the past 20 years.
Reliable work horse in my portfolio.
I’ll soon buy back an OZK Jan 16 '26 37.5P (probably today or tomorrow, the order is already placed), which creates some free space in my Treasury Secured Put cash flow strategy.
ES seemed like a great candidate to fill that space and lit up somewhat red today so I pulled the trigger. The option sold translates to a little above the company’s current dividend yield on the money at risk (usually I aim for a fair bit more, but I haven’t seen anything interesting since UNH a short while ago). Together with that yield on the treasury (to secure this put) I’m scratching on 10% yield – which works for me.
The option already generated $33 book profits in the past 6 hours (which is about how much I spent on dinner at the Zürich Theaterspektakel this evening – that’s how to calculate properly with book profits, right?), but I’ll ride this out probably a few months to collect the time value until it’s worth … I don’t know. I count on @larix.aurea to remind me when it’s time to buy it back. 
What’s the deal with 8 digit account numbers? Are there other lengths?