Reply #40: Hardly [View All]

I sold 3 June $57.50 calls against the position (covered calls).
Today I took advantage of the increased volatility and swapped by $47 limit order for 200 mores shares for 2 May $47.50 puts.

Between premium collected on calls & puts I am well covered even if the stock goes significantly lower of course my potential profit is capped at $57.50 plus value of premiums.

Worse case scenario I end up picking up another 200 shares @ $47.50 which lets me dollar cost downward.
Between the premium from call options (plus new 2 call options sold after stock gets put to me) plus premium collected from selling puts my break even ends up being much lower.

You didn't think I would just go naked long did you? :rofl:
You don't seriously measure the worthiness of an investment in days do you? :rofl:

Have fun with your "token" resistance rather than doing something real about it. You can have the last word I no longer care anymore.