BlackBerry Limited (BB)

[GreenGenie]

1000-share order:

In fact, I placed my order just now for 10 January 2018 LEAP contracts, $5.00 strike price:
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10/30/16 832 Option
Buy Open
10
BBRY Jan 19 '18 $5 Call

Limit GT 60 2.58 2.45
2.58
2.83
Open
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That is the equivalent of buying 1,000 shares as I see it for a steep discount. It's in the money. Volatility is low. It's paying a 50 cent premium over today's price with a decay rate. But I call that a really safe call. That gives me lots of runway, and I really will exercise that right to purchase all 1,000 shares in the future at $5.00 as long as the price of BBRY is over $5.00 in January of 2018. I have extreme confidence it will be.

Since there is no dividend to be paid out on BBRY, I'm not missing out on anything. I will buy 1,000 MORE shares of PER (I already own some) AFTER their ex-dividend date to avoid all those "dividend capturing" irritants out there. That will be more than sufficient to pay for all the "decay rate" in the premium, and still a net cheaper purchase, yet more diversification and just dang powerful stability and fist-power if I do say so myself.