Ups stock covered call January 19, 2024 strike price 210. $9 ask

[DMW]

Be sure you understand the leverage. Do you have A shares or B shares?

Read the lawsuit on Merrill Lynch and covered calls (UPS Employee)

There's a couple red flags about this thread. First, a 15yr pt employee owns 1800 shares. Second, you must hold the shares for 5 years before converting them to A shares. Third, I don't believe Computershare has an options platform, therefore the shares would have to be converted and moved to a brokerage account. Lastly, if the shares weren't moved and this trade is proposed on margins, the rewards don't outweigh the risk. I believe this was just a fictitious question in search of conversation.

Yes, I wouldn’t make that move. To long and to much risk .

 

[DMW]

Read the lawsuit on Merrill Lynch and covered calls (UPS Employee)

Yes, I wouldn’t make that move. To long and to much risk .

You Could forced to sell . If it goes up you’re going to make a good profit without a call. The only thing to remember is we have a contract negotiation this year. We will loose some volume and the agreement cost us more. It will be hard to beat eps.

 

[Jetboat1]

Be sure you understand the leverage. Do you have A shares or B shares?

I guess b started in 2007 the a shares and the 10 votes per share were issued before 2007.

 

[Jetboat1]

Ok what's the difference between a and b shares? I believe a shares were issued to the employees when the company went public. B shares ever since. I started in 2007 or 2006 the cheap ass paper wall hanger says 10 years of service in 2015 so maybe 2005?

 

[IVE GOTTA PACKAGE 4U]

Ok what's the difference between a and b shares? I believe a shares were issued to the employees when the company went public. B shares ever since. I started in 2007 or 2006 the cheap ass paper wall hanger says 10 years of service in 2015 so maybe 2005?

A share have 10 times the voting rights
Other than that everything else is the same

 

[Jetboat1]

Read the lawsuit on Merrill Lynch and covered calls (UPS Employee)

Yes, I wouldn’t make that move. To long and to much risk .

Moving shares from compushare to Charles Schwab is proving to be more difficult than anticipated. Requests for transfer have been largely ignored and answered with name change forms. If I can transfer the shares. I believe I can sell covered calls strike price 220 Jan 17 2025 for 12.30. Netting me 12.30 x 1800 = 22,140 for the risk of holding the shares till Jan 17 2025. Keep in mind I am depending on UPS for my pension and healthcare. Lighting up on UPS exposure is a goal of mine. Selling the shares now is an option but I like the dividend and selling at 220 sounds good to me as to the current price of 181.51.

 

[Up In Smoke]

Moving shares from compushare to Charles Schwab is proving to be more difficult than anticipated. Requests for transfer have been largely ignored and answered with name change forms. If I can transfer the shares. I believe I can sell covered calls strike price 220 Jan 17 2025 for 12.30. Netting me 12.30 x 1800 = 22,140 for the risk of holding the shares till Jan 17 2025. Keep in mind I am depending on UPS for my pension and healthcare. Lighting up on UPS exposure is a goal of mine. Selling the shares now is an option but I like the dividend and selling at 220 sounds good to me as to the current price of 181.51.

I believe you must convert your A's to B's in order to sell. This can take 6ish weeks to complete. I also believe shares have to be held a minimum of 5 years before they can be converted. If I am correct, you will have to cash out, take hit for capital gains, open a brokerage account, deposit the proceeds, purchase the underlying asset and finally sell the covered calls.

 

[Jetboat1]

I believe you must convert your A's to B's in order to sell. This can take 6ish weeks to complete. I also believe shares have to be held a minimum of 5 years before they can be converted. If I am correct, you will have to cash out, take hit for capital gains, open a brokerage account, deposit the proceeds, purchase the underlying asset and finally sell the covered calls.

More complications to deal with I believe and this is just a belief that I have b shares. So trying to transfer them to my brokerage account should happen without capital gain taxes. I sold 100 shares from my compushare account at the start of the pandemic without a share reclassification. By the way at 100 a share ouch to now! So I think this the transfer can happen.

 

[What'dyabringmetoday???]

@IVE GOTTA PACKAGE 4U knows

Yes- he is a genius.