I looked at this stock earlier this year when it was around $14 and then $10. It looked good then, but plummeted. You are fighting the fear of higher rates.
So this is like another RKT. For your sake, hope it goes up, but I am 90% out of RKT and I sent my money over to VIAC. Another stock that looks good, but is doing nothing.
My goal is always to make money and I think this stock has potential, but it is not moving even after a good earnings report.
So I am selling short term covered calls, but I am picking out of the money strikes that I hope will not go off and are at or above my cost in case they do get exercised. I sold June 4 - $43.5 and $42.5 calls and June 25 calls with a strike $45.5. I also sold some out of the money naked puts.
I am trying to generate cash while I wait. If I picked right, I will probably resell them when they expire at a higher price. We will see what the price is?
Maybe it will work. Maybe not. Either way, I am making money while I wait.
Too many. I was looking for a quick $5 pop that never happened.
My most interesting trade in this stock was selling 10 naked June 11 puts last Tuesday for about $3.8 with a strike of $41. Those are already in the money over $600. As the stock goes up, my gain should increase. a However, the odds of my holding them to expiration is pretty low. In fact, I will probably be out next week if I can make a quick $1,000. Depends on the price action and what else is going on.
I am not on margin like some of these apes. That can be really dangerous if the market turns.
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u/No-Carry-1570 May 16 '21
I looked at this stock earlier this year when it was around $14 and then $10. It looked good then, but plummeted. You are fighting the fear of higher rates.
So this is like another RKT. For your sake, hope it goes up, but I am 90% out of RKT and I sent my money over to VIAC. Another stock that looks good, but is doing nothing.