So I sold most of my Jan $6 calls (in $0.54 out $1.35). Have 10 left. Want a long term position.
Can decide whether to get the 1,000 shares at 6 bucks or snag more calls (far enough down the road for the Wolfgang factor). What would you gurus do?
There's not much time value left but with high volatility you may be better off selling the calls than exercising them. I would exercise half, after putting in a high sell order for the other half . The investor getting called out may pay a premium to keep from getting called out again.
Disclaimer: I am a rookie. But I have 1044 Jan 7 calls.
My advice is spent as much of your money (that you can afford to lose as nothing is ever certain) possible to buy March 8 calls. This stock is going up.
Sentiment: Strong Buy
If you are legit, you must have been the buyer of the 544 block at 55 cents and some other purchases. And if you are a rookie, then you are either crazy or know something we do not. That was a nicely timed purchased right before the news came out. I have a feeling you are the March 8,9,and 10 buyer from previous months. Nothing like pumping your position but if the stock hits above 10, then you will be the king of the board. Good Luck.