HPQ got called out on Jan 19 expiration day. Dell, INTC, CSCO & NVDA stock prices took a beating. In cases as such, secondary call options were written to close the gap & to continue to generate the 3%-6% income per month. STLD stock has risen 15% from purchase price. The STLD Jan options were bought back for a profit & subsequently, Feb options were sold to continue to generate income while riding the stock up.
1 comment:
Hi Joe,
Well done, keep it up! 47% return a year beat most of the fund mgr in S'pore.
Jason
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