Replies to post #630392 on Mr Cooper Group Inc (COOP)

[lodas]

Dmceng4.....do not buy back....it will cost you a lot of money to get out of that position...they will roll the price down again as the RSI is topping... once the stimulus package is agreed on by congress, the market will roll over down...This whole market upswing is caused by MM getting shorts to cover in the high flyers...a lot of investors went short some time ago, anticipating that the top was reached when the CV hit... now, the MM are making them pay dearly to cover those short positions... Jim Chanos is short big time, in the billions on the short bet he put on Tesla...same with all the other high flyers...CMG selling burritos for over 1100 dollars per share!!!!.. are you kidding me?..so, whats my point?... let them take your shares at 17.50, if the price is above that.. then sell puts again when they roll the price downward into the next option cycle...NEVER GIVE MONEY BACK TO THE MARKET...you are here to make money, not give it back...sometimes, a trade will go against you.. it happens sometimes... remember, you have 2 ways out of three to make money on a covered call option...a 66% chance of winning on that call that you sold at 17.50....its gotta close above that for them to exercise it....coop could fall in a heartbeat if any adverse news hits the market between now and options exercise...so that you don't fell to bad, I have some12.50 calls that I sold some time ago, and I am surely not buying them back.... Lodas