She's sold options against her position since she bought it years ago. She's still down 30-40% but it could have been much worse.
Today she sold the June 12.5 call options and was paid .85/share. If called away she'll use the loss to offset gains already taken and the option premium will be used to pay her bills.
She's looking for more dividend payers because in her case all dividends are federally tax free.
EZPW was priced at about 11.55 up 2.2 when the order filled.
Grandma is wrong again. If the price stays above 12.5 into option expiration in June, at least she'll be able to offset this long term loss using short term gains earned this year.
Current price of option--1.3/share with the stock trading at 12.75 +.64/share.