Wrote more Calls since the first round.
Didn't post that. That round was priced to get me out of the shares; therefore, took a small loss.
Today, purchased new shares. Average price of $7.64.
This time I'm waiting to write the Calls as I think the stock should have a bounce soon. I'll sell the Calls on the bounce.
Why am I focusing on TEVA?
It's a pharmaceutical company and I think it's underpriced. Pharma companies make money when people get sick. Last time I checked, a lot of people around the world are getting sick from a flu pandemic. I'm thinking that's good for business at TEVA, or any pharmaceutical company, but TEVA is one of cheapest ones right now.
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