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UPS Driver Responds to the Haters
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<blockquote data-quote="I GOT ONE MORE" data-source="post: 5654024" data-attributes="member: 5997"><p>I have 3 long positions, I’ve had for a long time. </p><p>They have a low beta, so not much price movement. </p><p></p><p>Today, I SOLD calls on them. </p><p>I get the premium, it’s mine to keep no matter what. </p><p>Downside, I lose the shares (called away) if the stock closes above my strike, usually on expiration day. </p><p>The strike is above my cost basis and I’ve sold so many of these “covered” calls, I don’t care if they get called from me. </p><p></p><p>I’m in the green on ‘em, by a long shot. </p><p></p><p>I got</p><p>1600 shares of A</p><p>2000 share of B and </p><p>8000 shares of C</p><p></p><p>So I sold </p><p>16 contracts </p><p>20 and </p><p>80</p><p></p><p>Clear 4 figures every month.</p></blockquote><p></p>
[QUOTE="I GOT ONE MORE, post: 5654024, member: 5997"] I have 3 long positions, I’ve had for a long time. They have a low beta, so not much price movement. Today, I SOLD calls on them. I get the premium, it’s mine to keep no matter what. Downside, I lose the shares (called away) if the stock closes above my strike, usually on expiration day. The strike is above my cost basis and I’ve sold so many of these “covered” calls, I don’t care if they get called from me. I’m in the green on ‘em, by a long shot. I got 1600 shares of A 2000 share of B and 8000 shares of C So I sold 16 contracts 20 and 80 Clear 4 figures every month. [/QUOTE]
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