Well, I decided to pik up a handful of Apr 24 $100 call options for $2. Meanwhile my Apr 17 $104 covered calls I sold are vaporized. Another 90 cent 'dividend' gets booked. Onward!
Yes. And if the shares get called away you can always buy back in. Just like my MDVN shares that got called away on Friday for $130 (plus the $1.50 premium of course).
My MDVN shares got called away on Friday at $130 (plus the $1.50 premium) so I am looking to buy them back somewhere around here. Still am long a handful of June $110 calls which I am definitely looking to add to if there is more weakness.
And the $103 calls get nuked again. Looks like I'll book another .74 premium again this week. Selling weekly covered calls has been a great income generator.
MDVN is hanging tough too. Meanwhile the Mar 27 $103 covered calls I sold to open on Friday for .74 have been cut in half and will likely expire worthless to the buyer. Selling weekly covered calls against GILD is like bagging a 2-3% dividend per month.
Haven't looked at this stock since I bought more shares at $108. Nice move since then! Bot a few June $110 calls today to add to my position. Any decent pullback and I will buy more shares and calls. Onward!
You couldn't recognize 'smart' if your life depended on it. You are making a complete asshat of yourself.