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I got in at the low $38's, and it had a higher payout. I have a real problem paying over mid 38's with it's shrinking payout.
Agreed. I'm not comfortable any higher than you, so I think I'm being very liberal even giving it $40, considering that maybe things are different now.Personally though, I write puts, and I don't write anything above $39.00.Being stuck holding this the next time it dips below 40 bucks could be a LONG wait until it comes back.