You could have made a nice profit if you had taken my advice instead of 3 thumbs down. It is not too late; we still have $25 to go before $600 and it is only Tuesday. For greater safety you might buy next week's calls instead of this week.
I sold covered calls on my shares at the $24 level so I guess they will be called away. I will be back on the next dip because AMAG is about to lift off. JMHO
Sounds like it is not much of a threat for the next couple of years.
That may be true but the market is going down much more before two years from now when it may turn back up or may not.
I would but I am a republican so can only vote once. We will have to hope the democrats vote Trump, Trump, Trump.
Lots of money is going into low P/E stocks like AMAG, VZ, and T. AMAG will likely triple this year because their P/E=5 and they have a very solid balance sheet.
I think the 200 institutions that own 80% of the stock have already started to exit. The weekly calls no longer command such high premiums so selling covered calls is not as profitable as it was last year.
Since I started recording on 6/1/15 this one week drop of $83.73 is by far the largest. The second largest was four weeks ago $70.68. The day is young and there may be many more that don't want to hold over the weekend. We could easily drop below $500.