I am stuck with a 1000 shares at an average of about 200 and I was thinking of selling the calls and puts on them just for April for now this is earnings month and that makes me a little nervous in case of a blowout or miss what strike would you go for? Thanks
I'd try selling June 190 calls for 9.80 and June 165 for 6.60. You've got a lot of repairing to do and its not wise to try to do it all in one deal. So maybe 1/2 that way and sell the other 5 Jun 210 calls for 4.20 & the 150 puts for $3.00 I am not an investment advisor this is meant as JMHO and is not meant as invesment advise. Good luck
Thank you i will look at it next week one thing that bothetrs me is earnings this thing is going to move big imo and if I understand the goal of selling otm options is for the stock to stay rangebound.