Mr Cooper Group Inc (COOP)

[lodas]

itsMyOption.......remember, we have just come off a recent high in coop stock... the MM are selling short shares to wannabe buyers on the hype.. the whole market is whacko now... we are going into the dreaded october notorious selloff coming on... I know that you feel coop is undervalued, but what you feel is contrary to what the market is saying...we could go into a deep cycle trough and coop could go down to test the lows of 12.50 again... remember the short sellers know the game here.. they have taken coop down a couple of times through the years and have made 3 bangers... they will do it again before any receivership is ended, if in fact it ever is ended....ALWAYS SELL PUTS BELOW THE EXISTING MARKET PRICE, AND ONLY WHEN THERE IS A SELLOFF IN THE PRICE...stick with the 12.50, or 15 out to january, I know the premiums are not great, but safe...if coop goes up in price, the lower strikes will decay faster in premium than the 22 dollar ones, only because the MM will not let you buy them back cheap with a lot of time premium...in other words, you are stuck to january to get out of that 22 put...Lodas