The share price seems to be recovering from the FED's announcement that was indended to dissuade investors that they will not consider a rate hike on the next session. It is as if 25 basis points will sink the ship.
I'm switching from selling calls to selling puts. My last short call position will be assigned on Friday, selling all of my remaining shares at $11. I have short put positions out for each of the next 3 weeks--to be renewed as each week's options expire, worthless.
I wonder why so many people dissed you. They borrow money and loan out. The dividend is paid from the Income From Lending minus the Cost of Borrowing. That's called a margin. Don't you feel like a Dumb#$%$ now?
All this intelligent conversation by intelligent people has led to one thing: Up on the price of oil.
What part of mandatory do you not understand?
Dilution existed when the obligation was incurred. So far, the redemption has disposed 476.7 million in debt for a one-time expense. Their non-GAAP accounting will exclude the one time expense from the EPS calculation, but the reduced interest payments will positively contribute to the EPS. This has increased their potential for borrowing more money. So: Ups and downs.
Good for you. What's your selling price? It's not going to the sky. It is going to fluctuate with the price of oil for the rest of the year.
Good volume on this week's at / near the money calls. The short sellers are probably covering at a low price, while the buyers are speculating on a continued bump up. It could be quick money for everybody.
The chart readers on this board are worthless. Any one can see that the chart has formed a purple butterfly.