Len, I strongly disagree. My average sale on them was just under 2bucks each. That means the stock price would have to be around $14 to lose money on the trade. You really think that's possible? Of course if it's above $16, I keep everything. I like my odds.
Interested in hearing your thoughts looking out over the upcoming year. Personally, I'm set for May, working on building a position for Aug, and looking forward to when Nov comes out. (I think in March) Trouble is, I'm constantly fighting to maintain sufficient buying power. 2013 was a very good year. As long as ACAS keeps climbing on this steady uptrend, 2014 should be even better.
I mentioned a week or so ago, my prediction based on the 5 year weekly chart. Told you the $14 train had left the station. You're still hoping to jump on the $13 train. Hate to mix metaphors, but you've missed the boat. You should have bought at $14.50
All I know for sure is the May $16 puts I sold for $2.20 are going to give me a 6 figure pay day in a few months.