Replies to post #626015 on Mr Cooper Group Inc (COOP)

[lodas]

Demceng4....Yes, I do if the premiums are sufficient to take the risk...the rule for selling puts is to get at least 30% annualized premium....I would say about at least 25 % annualized to sell covered calls...sometimes, the CBOE that prices these options gets too generous sometimes, so you must look for that... like when options were first made available, the premiums on the october 20 calls seemed to be to generous, so, I sold the october 20 calls...I did some 17.50, and some 15 calls in october...not too many, but just enough to rake in some premiums until october...II still believe that coop will make some big moves at some time, so I don't want to fire my all my torpedoes in one shot...I can live with a few call exercises that go against me, but I can always get back those calls by selling puts, if necessary...I just don't want to sit by all these years of waiting with no return on my investment, as I did for 12 years...thank the lord for options, it at least gives me a chance to play the price swings, instead of watching them...It could be a long time before the short sellers cover their positions....Lodas