Avid Bioservices Inc (CDMO)

[investingdog]

<< Be careful about selling covered calls because you are limiting your upside >>


Thanks for your concern. I do it with the trading part of my shares, and that part changes with option premiums and expectation of big news. I've been selling calls for the last 6 months as I did not expect major news till May or later. So far I lowered my average share price by at least 30% by selling calls and doing a bit of day trading. That allowed me to get 30% more shares that are basically free and I can continue to sell call on those even thru May and possibly June to generate some free cash using house money. I will not write calls on any part of my core position after the April OPEX.