Mr Cooper Group Inc (COOP)

[lodas]

dmceng....here is my strategy.....I will stagger my strike price in weekly (if they have weeklies), and if not month by month by strike prices out of the money, so as they cannot be called away...I will take less premium, simply because I have about 50 contracts (5000 shares)...so , to answer your question, I do not know what the price of coop will be when options start to trade..., but, if there is to be a K Mart effect, as some have alluded to, you would not want to write call options near the money...my broker always said that one should get a minimum 30 percent annualized return on covered call options... so, if you divide 30 divided by 12 months is about 2.5 % per month....Now you have a lot of stock (the mother lode)...you can afford to tailor them each month as to bring in decent amount of money to live comfortably and not lose your stock by being called away... but, if they are called away, you can then sell puts, and bring premium on the other side of the trade... that is the beauty part of owning a lot of stock in one company, your options are numerous...either way, puts or calls, you have a 66 percent chance in your favor to be successful....good luck, I will post my trades when options open up... Lodas