I am still down 2% on my Jan 31 calls : Bought too early, added more too early, but bought more yesterday morning : my avg cost: $2.37 I am still down 2+%: and overexposed at this point in my opinion.
How are you doing?
Closed out Sept 31 calls today for 67% gain, Sept 32s for 118% gain. Decided to see what happens in the market tomorrow and then either way plan to roll to October to capture EX-div date.
Still waiting to jump in. Looking to sell my AGNC contracts first and then load up on the BMY October calls. Nice move last week, maybe I missed my chance? Hoping for a retracement and then going in big.
Roy, you were wise not to buy at 33. However, I think 31.50 was the bottom.
Take a look at the charts and notice the wicked crossover coming with the 10 week and 40 week.
Based on this week's price action, I'm revising BMY's price target from 34 to 35.
Bought 30 Sep 30 Calls at ave cost 2.09. Sold last Friday at 2.75.
Bought 30 Sep 31 Calls at ave cost 1.54. Sold last Friday at 1.83.
Bought 100 Sep 32 Calls at .37. Sold last Friday at .96.
Bought 100 Oct 33 Calls at .60 on Monday.
I got nervous with holding calls that would expire before Ex Div, so I sold for a profit while leaving more potential profit on the table and rotated to Oct Calls that will carry me through to Ex Div. Trying to decide if I want to double up on the 33 Calls for the run to Ex Div.