Have 5000 shares at $2.40 cost basis. . Was thinking about selling the March $4.0 calls to at least lock in some profits.. If I get called at $4.00, oh well. Thoughts? Maybe collar it and selling some puts as well?
Just as long as you know that you will be called ... AB5 approval in Nevada and Christie's signing of the approved plan for online gambling in NJ will be during your timeframe ... ZNGA will be above $4.00, I have zero doubt about that ... I'm more sure about that than my next bowel movement
a nice little costless collar is always nice. I generally like playing chess with options, but when checkers is the game d'jour, I'll play that too. Stay long, turn off your computer and come back in 3 months.