Replies to post #654246 on Mr Cooper Group Inc (COOP)

[lodas]

Dmceng4.......no, I dont do bull put spreads.... but what I did this morning was to sell a january 35 put, and it brought in about 6 dollars and change, so I will be back in about 28 dollars, if exercised ... I also did a 25 jan 22 put, and it brought in about 1.95 in premium, so I will be in about 23 dollars if exercised...now, what I am planning for is a stock market sell off in the fall... so what I will do, if coop reaches another high, I will sell the stock, then buy a bull call spread when the stock falls back down, and then concurrently sell puts at the lows...these mofos have been doing this trading action for years now... they take it up to a high, sell the stock, go short, then buy cheap calls, and sell puts at the lows....I would only sell a bull put spread if I though the stock was going higher and doing a huge position....with over 91 % of the stock in strong hands, I don't see the necessity...I just sell puts at the lower strike prices, and take my chances....about a month ago, when coop was trading in the 37 dollar range, I sold some jauary 55 calls for over 4 dollars per share... I posted this on the board, as well as selling 50 dollar january 23 calls... this morning, I closed those 55 dollars calls for over 2 dollars profit...when coop rises in price again, I will go back in a sell those 55 dollar , jan calls all over again....good luck...Lodas