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Re: Zilla post# 318

Friday, 01/17/2025 9:22:52 AM

Friday, January 17, 2025 9:22:52 AM

Post# of 341
Zilla, did you buy calls or STO-sell to open which is a covered call? I usually do not buy unless to close.I will also roll a STO PUT if conditions look positive for IEP. If you feel IEP will go up I always do a STO- PUT yesterday I STO the 2-28 $11.00 PUT and collected $1.88 per share so if on expiration date 2-28 IEP is at or above $11.00 I keep 100% of premium I collected if below I will be assigned but my cost would be $9.12.

I also STO 2-28 $10.00 PUT collecting $1.10 remember if you always sell time decay works for you and you have 60-70% better chance to be in the money. I watch the charts and do my STO PUT when stock is trading below RSI 30and I STO covered Calls when pps is trading above 70-80 in resistance zone.

What I see is there is still a large amount of shorts that need to cover or buy back know that short seller Hindenburg shut its doors yesterday and will no longer promote short selling. IEP will go up! = https://finviz.com/quote.ashx?t=IEP&ty=c&ta=1&p=d
forward P/E at 11.8 looks great they should report earnings Feb 25 which will be positive estimated .18 this is why I used 2-28 as my expiration date as I expect IEP will rise after earnings. They have March 11 record date the date to own to collect dividend which will be .50, but could be higher if CVI restates their dividend.

If you play options correctly you can make big $$$$ but I recommend to .STO sell to open first usually a PUT. Good luck if I had your email I would send you my Option Notes that help explain more about option.
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