Science Applications International Corp (SAIC)

[VERYLONGSTOPPEDDRINKINGTHEKOOLAID]

I bought 30 May 20's this am for $0.20. My luck, they will now drop, lol!!!!

Actually, technically I have freed up 29 covered calls, so if the stock goes over $20 by exp date in May, I won't automatically lose at least 2,900 of my shares at $20 ( without freeing them I could have to surrender that amount of shares at $20 or higher pps) and will realize the higher appreciation. I will also have the right to buy 1100 additional shares at $20 should the stock be $30 by next month, lol..Wishful thinking!

Or, like you, I could just SELL the calls as soon as I am green! (But then if it really took off I would lose my shares, hmmm, decisions decisions...)