Actually --- selling the MArch 18 covered calls right here might be a darned good play, if the stock isn't called away from you.
You get .33 premium, are selling high, and prob have a good oppty to buy back in at 17.50 or so.
smart move,and after earnings if stock gets hit, sell naked puts assuming you wouldn'lt have problem having the stock put to you at a lower price or just collect the premium if stock goes up. i use this srategy a lot on stocks i want but at a lower price.
Strange day of trading here; probably anxiety over earnings release. Short position might work out.
I'm still long since I believe new funds from latest offering will be invested with a nice spread and repo rates are still low. Not sure about their hedging activiites. Will know soon enough. :)