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| Topic | Stock Topic 19 |
| Colegreen_c12 02/02/21 6:37:52 PM #187: | Lopen posted... That being said I don't think it will go below $4 ever I literally loaded up selling CSP at this strike because i agree and the premiums are so high. Honestly though if i had the shares at 7 and wasn't super confident i would consider selling covered calls at like the 10 or 11 strike for the nice premium. It would bring your cost basis to like 5.50 give you decent upside potential (max gain of 4.5 or 5.2 a share) if they execute and if they finish next friday at like 8-9 you are in an amazing spot. Like I don't think you can lose with that play, the only downfall is capping your potential profit but if you are losing confidence already that shouldn't be your concern imo --- DPOblivion beat us all. ... Copied to Clipboard! |
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