Okay, okay, okay ... . It is likely that this company is a ginormous turd pile, but the implied volatility in it is high, so I'm pulling the trigger here on it as a small speculative trade.
Metrics:
Bought 100 Shares at 1.61
Sold Oct 21st 2 call
Whole Package: 1.37 db
Max Profit: $63
ROC: 46%
Metrics:
Bought 100 Shares at 1.61
Sold Oct 21st 2 call
Whole Package: 1.37 db
Max Profit: $63
ROC: 46%
Commento:
Covering: 2 calls for a .05 ($5) debit and Opening: Nov 18th 1.5 calls for a .20 ($20) credit, further reducing my cost basis in my turdy stock.
Commento:
The 1.5 call is still above my cost basis ... . Lol.
Commento:
Covering Nov 18th 2 calls for a .05 ($5) debit and Opening: April 1.5 calls for a .25 ($25)/contract credit. Current cost basis is $1.07/share, a penny above where price is at now. Lol.
Commento:
Covering: another tax loss cover. It looks like it's headed for delisting, and it's become tough to work the short call side, so adios!