If you wrote a $10 covered call for $1.00 or more you should be fine. Take it as income. This stock goes between 8.50 and 10 all the time. Just sit back and let the cash flow to you. It's like printing money, just not illegal.
"Facts are stubborn things." - Ronald Reagan, upon being busted for lying
This stock has gone from 8.50 to 10 exactly once in the past 5 years.
New DVR. DirecTV compatibility already integrated into the new remotes (see the RGBY buttons?), and the DVR is probably HW compatible with DTV antennas, needing only finalized firmware and OS to make these DVRs the DTV DVRs.
What I see is operational pressure biasing to the upside due to the availability of new product to the upgrade market and the reopening of an old market. The only downside pressure would come from self-balancing phenomena, such as trader noise and market motion.
The remaining question is when will the DTV DVR be announced? That would affect the value of near-term options vs. long-term options. In any case, I wouldn't write calls now, nor would I continue to hold any I'd already written.
...I wouldn't write calls now, nor would I continue to hold any I'd already written.
Interesting comment from someone who has never posted here before.
A first time poster wouldn't be unusual except when that person only posts on one other board, as is the case here.
What's your story, man?
If you wrote the $10 calls for a buck and the shares end up being called away, at least you're technically getting out for the equivalent of $11 a share, which isn't bad at all with this stock.