Replies to post #1070 on IAMGOLD Corp (IAG)

[JohnCM]

I have never traded options. I would like to learn someday.

[GABRIELXX]

Sold 100 November 1.5calls for 0.45=it does mean, I did basically short 10000 shares at 1.95.And closer it gets to 1.50 on this upcoming Friday more profit I keep.

Lets say stock will stay 1.85.Ill make 1000$
1.50=4500$


I did gamble on selling little deeper in money options than usually to get more premium

I was looking to sell dec 2dollar strike..bid/Ask was 0.10/0.20
If the stock would close below 2$i would keep 15c,but I couldn't get fill on those

Hope this help