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Re: bbotcs post# 49563

Monday, 06/18/2018 11:19:00 PM

Monday, June 18, 2018 11:19:00 PM

Post# of 116651
AAL hit $41.94 this morning .... what a dog, but at least the chart shows support around this level. It's not been much lower than this since 2016.
I got a fill at 42.05 today and keep selling weekly covered calls to lower my cost basis, now around 44.50 since getting back in in early April, but in the red as usual with this stock. LOL

At least the weekly call premiums are nice and high, so that's a big help when writing covered calls to lower the cost basis - around 1.5% for the weekly at the money calls.
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