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yourwishismine yourwishismine • Jan 4, 2013 4:32 PM Flag

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I must admit some temptation for the Feb $29 calls at $0.12 each.
Are you talking about selling covered calls at 12 cents each? Sounds like a win/win if you have a few thousand shares to do so with... I mean if you have 10,000 shares to work with you can pocket $1000 with little worry, and if it hits, even better (depending on what price you're currently in at).

Sentiment: Buy
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- yourwishismine yourwishismine • Jan 4, 2013 7:39 PM Flag
  
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  If you really think it's going to run higher (towards $29), why not buy now and then just hold... you can collect the dividend too... unless of course your consideration is strictly buying and selling the calls with zero intention of ever exercising...
- lightdoesnotage lightdoesnotage • Jan 4, 2013 4:46 PM Flag
  
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  no buying. If you bought $1200 of these calls and somehow the price hit $31, you would have $20,000.
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  - yourwishismine yourwishismine • Jan 4, 2013 7:37 PM Flag
    
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    But if it misses even hitting $29, then you're just throwing away $1200 (plus the trading costs of about $100)...

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