Mr Cooper Group Inc (COOP)

[lodas]

Sam.....what I mean is that I will be assigned the stock if it goes below 35, but my purchase price will be 33, because I got 2 dollars sell the put....right now, as I type, there is about 1.00 per share in "cushion", or risk, as the stock is selling for 34 dollars...as I said yesterday, the rise in price in coop was all about setting up the august call options at the 35 strike... they were selling those calls for well over 1.00 per share... IMO, the stock will be below 35 in august so as not to deliver those 35 calls to buyers...in my case, I made some serious money last couple of days by buying back puts that I sold a few months ago at the january 45 strike...I also sold some stock yesterday and I am into cash, so thats why I sold those puts this morning.. I want to take assignment at 33 in august, so as to sell covered calls on them when the stock rises, if it in fact does...In my view, the MM have been working the price of coop around options settlements for a long time now.. most people on this board do not understand options, so they are confused as to why the price of coop gyrates every month...good to hear from you Sam, as you are savvy in options...do you like the trade I did this morning?... TIA.... Lodas