AI
Yo Yankee fan.
"In fact, I think I "may" have convinced myself to buy back in again tomorrow, especially if it moves a little in the morning, and then write the calls. I have a hard time saying no to 11% in two months."
Pulled the trigger. Again. Seems I make profit each cycle, but still buy about the same number of shares the next time around, because the price is higher. But, I did more this time, as I sold some other positions on Friday as well.
In at $6.51 and wrote the November $5 calls at $1.93. My net a little higher than if I did them yesterday, but yesterday was quite the move after the news. I still think if it goes below $5, it is a great price, so buying here with the calls works for me. In at a net of $4.58, and I think the odds of it over $5 in November are pretty good. If not, I'll own it at $4.58 anyway, which again I think is worth owning it so I'm fine with that. If called (As expected), gain of $0.42 per share on a $4.58 investment, or 9.17% in 2 months. Didn't even have trouble selling 1,600 call options, which is a major change in the stock. That would have been impossible a year ago, even at the $1 options that traded then. So all good. Just need it above $5 for 60 days, and I think that is pretty good odds.
back to lurching now. talked too much over last week.
"In fact, I think I "may" have convinced myself to buy back in again tomorrow, especially if it moves a little in the morning, and then write the calls. I have a hard time saying no to 11% in two months."
Pulled the trigger. Again. Seems I make profit each cycle, but still buy about the same number of shares the next time around, because the price is higher. But, I did more this time, as I sold some other positions on Friday as well.
In at $6.51 and wrote the November $5 calls at $1.93. My net a little higher than if I did them yesterday, but yesterday was quite the move after the news. I still think if it goes below $5, it is a great price, so buying here with the calls works for me. In at a net of $4.58, and I think the odds of it over $5 in November are pretty good. If not, I'll own it at $4.58 anyway, which again I think is worth owning it so I'm fine with that. If called (As expected), gain of $0.42 per share on a $4.58 investment, or 9.17% in 2 months. Didn't even have trouble selling 1,600 call options, which is a major change in the stock. That would have been impossible a year ago, even at the $1 options that traded then. So all good. Just need it above $5 for 60 days, and I think that is pretty good odds.
back to lurching now. talked too much over last week.
