Replies to post #4701 on Bausch Health Companies Inc (BHC)

[JLS]

A day later ...

Still haven't sold BHC CCs, but I will sometime -- sort of enjoy being payed to leave a stock. But when it goes sharply higher, and depending on how close option expiration is, it's sometimes better to just sell the stock and not play the CC game because the stock could quickly correct by more than the Calls are worth -- in which case, sell the stock and watch it drop, then buy back in later after price has settled down and sell ATM CCs right away after a bounce.

Don't forget the volume: been up 2X+ average volume two days in a row.

Heard on the news that BHC Implied Volatility (IV) is high. I would like that if it's true if I'm going to sell CCs because that condition makes the price of the Calls higher than normal; but I checked and it is not true. Last reported HV and IV are within 2% of each other.