Although the price is up today I expect a bit of a downturn this week. It is a good time to sell covered calls. The weekly 35.5s can get you 20 cents a share and have an 82% probability to close worthless this Friday. Even if they get called away you can buy your shares back at a lower price. JMHO
I based that post on the Stochastic crossing below 80 Friday but actually it went up to 83 from 82the previous day. I was so wrong I hope nobody took my advice. The 35.5 calls are now selling for almost 70 cents and the chance of them closing worthless on Friday has dropped to 23%.
Boring night for me. I usually don't post here but I've a sell order for 300 shares at 35.7 so hope it fills sometime this week. I want to put some of the proceeds towards options. I've calls in DDD and was thinking I may play the game here against my remaining shares. I'm thinking of selling calls or puts to buy back later. Maybe before the next shut down or debt ceiling political nonsense.