Thats a good way to get your original investment back. But don't forget capital gain tax!! 15% long term rate. And normal tax rate for short terms.
Good luck man. You might need to sell above .035 after tax considerations.
If it's long, Original Investment times 1.15, thats how much you need to gain back to cover your original investment after tax deduction. Maybe at .0402 (.035 X 1.15)? Well you do some calculation with Sale - Cost and the whole tax thing.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.