Options for NCT are confusing. The Jan15 $5.00 have a 90 cent premium, so the break even point is $5.90 and their value is $4.70 + .90 = $5.60 so it's not quite in the money yet. The other Jan 15 $5.00 which excludes NEWM is at .30 which is a 6.3% return for 10 months, which is tempting, but not enough to motivate me to sell covered calls on NCT.
If you look at the charts, it bounces from just above $6.00 to just below $7.00. You can make some money by just patiently waiting for it to drop and then selling near $7.00 all the while collecting a dividend of two if you are lucky.
I'll drink to that! I'm just about to walk out the door and head down to the arena to watch my Buffalo Sabres lose their 35th game of the season. but not to worry, we have a really bad hockey team, but a really good selection of beers at the arena and Newcastle Brown Ale is where I'm going to start. May have a bagel when I get back.
And I bought my shares because I thought they were the brewers of Newcastle Brown Ale. I may try one with a bagel when I get home tonight.
What a piece of cra#, opened at .20 and now down to .02. Run away from this dog!
Sentiment: Strong Sell
A 5% gain yesterday and 6% today isn't casual retail buying. There seems to be a lot of buying before information is released with NRZ, NCT and NEWM
It seems like I've been asking the same question on the NCT, NRZ and NEWM boards all this week. I see a 3-4% share price increase with no news. Any thoughts, opinions or rumors on why we are up almost 5% today?
Good take, looks that way to me also. As far as being too late to buy these shares, I don't believe so. I would buy on the dips, reinvest the dividends and collect them.