Well ... on Monday. And it's what I did to get into HA.
It's what I do very often to enter (or continually trade) stocks at lower risk while also guaranteeing some steady income. Of course to lower risk, there is generally a price to be paid which can temporarily limit your gain.
For HA this is a good time to do what I suggest because there is one week left till this month's HA options expiration.
Trade: buy the stock then sell May Calls against all shares. In other words, you want the market to pay you to get into the stock. Doing this, you are getting in cheaper because the Calls are paying you back; but, depending on the strike of your Calls (and what the market decides to do) your stock may be called away at options expiration this coming Friday. That's not necessarily a bad thing, as you will then have the opportunity to (maybe) buy them back cheaper.
A way of eliminating the chance of shares being called away on Friday (but receiving more to enter the trade) is to sell next month's Calls after buying the shares. You'll get a lot more for those Calls because of their greater time value, but you are also increasing the risk that your shares will be called away next month. But that's not so bad after all because you will have a lot more time to trade both in and out of those Calls -- and that can substantially increase your gain over the next several weeks during that process.
I like this Buy-write strategy so much that I do it virtually all of the time. Granted, I miss a lot really great leaps higher in the particular stock I'm trading, but it's made up over time as there is always that steady weekly income from selling Calls (even if the stock does poorly).
The only thing I don't like about HA is that it only has monthly options -- I have a strong preference for stocks that have weekly options because I get to sell Calls more often. But it might turn out that this could work better because there would be more opportunities during a monthly period (compared to weekly) because there would be more time available to flip in and out of the Calls.
So, in case you haven't figured it out, I really like the CC trading process. It's like owning your own company with the advantage that you can write Calls against the shares and its income is your dividend: now you have a pay-your-own-dividend company, and there is no shame in being greedy about that so pay yourself often.
Recent HA News
- Hawaiian Airlines Corporate Kuleana Report: Growing Sustainably • PR Newswire (US) • 05/03/2024 12:48:00 AM
- CLEAR Launches New Lane at Maui's Kahului Airport & Partnership with Hawaiian Airlines to Make Travel Easier • PR Newswire (US) • 04/29/2024 08:30:00 PM
- Hawaiian Holdings Reports 2024 First Quarter Financial Results • PR Newswire (US) • 04/23/2024 08:01:00 PM
- Hawaiian Holdings Announces 2024 First Quarter Financial Results Conference Call • PR Newswire (US) • 04/09/2024 08:01:00 PM
- Universal Technical Institute and Hawaiian Airlines partner on career opportunities for airframe and powerplant program graduates • PR Newswire (US) • 03/05/2024 09:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/20/2024 11:04:07 AM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/15/2024 10:21:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 12:04:25 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 12:02:49 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 12:00:30 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 11:58:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 11:56:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 11:54:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/07/2024 09:05:26 PM
- Form DEFR14A - Revised definitive proxy soliciting materials • Edgar (US Regulatory) • 02/06/2024 10:24:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/30/2024 09:01:55 PM
- Hawaiian Holdings Reports 2023 Fourth Quarter and Full Year Financial Results • PR Newswire (US) • 01/30/2024 09:01:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/24/2024 07:27:14 PM
- Hawaiian Airlines Boosts Summer Schedule • PR Newswire (US) • 01/22/2024 06:00:00 PM
- Sabre and Hawaiian Airlines sign new distribution agreement that will provide NDC content to Sabre-connected agencies • PR Newswire (US) • 01/18/2024 10:45:00 PM
- Hawaiian Holdings Announces 2023 Fourth Quarter and Full Year Financial Results Conference Call • PR Newswire (US) • 01/16/2024 09:01:00 PM
- Kuehn Law Encourages PXD, IMGN, HA and ICVX Investors to Contact Law Firm • PR Newswire (US) • 01/12/2024 04:10:00 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 01/10/2024 09:57:05 PM
- Form DEFM14A - Definitive proxy statement relating to merger or acquisition • Edgar (US Regulatory) • 01/09/2024 11:04:31 AM
- Kuehn Law Encourages CERE, HA, IMGN, and WAVD Investors to Contact Law Firm • PR Newswire (US) • 01/02/2024 11:10:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM