west made a good buy down this am. was feeling lucky and tryed a second, jeez, the second attempt will negate the fist at any thing over 13.95 may hold to tomorrow for lower open. over confidence usually gets humbled--- where's the bourbon?
west- you are right... but if i can incorporate other ideas or parts of them into my style, COMFORTABLY as you say i will. can't help asking questione and learning, your advise is well taken. :)
You know what to do..Another Bourban and stick to your comfort zone. In trying markets, alternative strategies can be a major distraction or an act of desparation. Notice how Jim is comfortable in his strategy, he doesn't change his plan. His advice is good if you have room to manoeuvre.
do NOTbuy back those aug $14 calls you sold for $1.06
you should be considering using the $5200 cash they generated to buy 700 shares of atpg for $9.30..or $6500
sell the 7 jan $10 cc on them for $2.20 or about $1500 cash back to get them for about $5000 NET
that turns the $5200 cash you received into $6500 of LONG equity that you may be selling for $7000 in january
dont even think about playing the cs of C long.
if you must play simply buy the cheap options on it like the jan $4 calls at about $.53
they should move $.10 with every $.20 move in the underlying stock.
frankly C with 800,000,000 shares trading daily is not my cup of tea vs superior alternatives.