Sunday, November 20, 2022 1:19:41 AM
If in fact my account is well into the millions, if it is 9% returned annually for allowing the share to be lent, the cost of the car would be paid back by the interest I gain in a year. 9% or a million is $90K, that's about the most I'd pay for a car, I don't need 0 to 60 mph in under 3 seconds, or even 5 seconds, I'd like it to be comfortable and safe with self driving capabilities, many cars under $90K can do that, and more are coming on the market every day.
If I find that my account would in some way be encumbered by taking this option, like not being able to write covered calls, then I'd have second thoughts. My intent is to routinely bring in money by selling out of the money covered calls after major gains, where I'm expecting the stock to retrench. Options are something else I'm sure we'll be seeing once NWBO is on a major exchange.
Gary
Recent NWBO News
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