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Re: RNsidersbuying post# 5104

Sunday, 03/26/2017 6:10:41 PM

Sunday, March 26, 2017 6:10:41 PM

Post# of 113143
With a covered call, Plan B is to bank the $480 premium and sell the next week $5/call -- but as the shares were called away, maybe on Mon CHK drops back to about $5/share and I will repeat -- buy 4k shares and sell the $5/call -- maybe CHK goes up to near $5.50 -- that's OK too -- the $5.5/calls also work

On the naked puts, it's either take the assignment or roll them forward to next week, usually at a small profit by buying this week's ITM put and selling next week for a little more $$ -- did not work on CLF Friday's $8.5 puts -- the spreads were out of touch with reality, so I took the assignment -- IMO, CHK, CLF and AKS are all $10 shares, so I just play these at present

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