Selling covered calls has been like shooting fish in a barrel. Over the last 6 months I've booked almost $9 in premiums. But I think the channel is about to shift upwards. Any significant pipeline or acquisition news and the 100's will be history.
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.