today it is cheaper
I would think when a stock falls 50% from lofty analysts targets is a good time, as well.
Look how INCY had suppoet at exactly 50% discount to 52 week high
yesterday, the 10 year fell to 1.71% but NYCB went higher.
As long as everyone knows the dividend is no longer guaranteed...
I think the $15 - $17 range is a trade
you're kidding...$100 + $27 = $127
Earlier in DEc Jan 2018 $100 calls sold for $17..
$100 + $17 = $127
OR you can wait for the markets to give you $127
10 year is at 1.76%,,?
The Sale of the covered call strike prices can be walked down as well, But this trade is not meant to be over traded.