sold 116 covered calls a month ago and sold 120 covered calls last week. All profit !! and more to come with more stock. Not selling any more calls now.
Its hard for me not to trade on fb shares, I am holding tight all my shares. But selling calls weekly have been a way to have an extra profit.
This article is so predictable, uses key words "MIGHT" so there is no responsability, and "GROWTH SLOWING" to scare investors by downgrading the most important reason for buying FB, growth. Even Cramer predicted this yesterday.
"Google’s parent Alphabet reported a 17.4% rise in quarterly revenue, driven by strong advertising sales on mobile devices."
Thats what is driving FB growth, ADVERTISING ON MOBILE DEVICES. AND FB IS THE KING IN MOBILE !!!
And / or below 110.63, which is a key number for today -last weeks close- . If it closes below last week close, the graph would show TWO weeks of big volume distribution. Good for shorts or institutions that want to add at lower price before earnings next week.
So 3 dollars is your dilema? Who cares about 3 bucks? Think big.
Specially now when the FB is still in its growth years.