IRBT/QC – We always love them and they just came back down to the 200 dma at $36.50 and held that nicely. It is our stock of the Century so let's begin to put it back in the Income Portfolio with 5 short Dec $35 puts at $4.90 and we can buy 5 Dec $40/50 bull call spreads for $2.90 for a net credit of $2, so our worst-case is owning IRBT at net $33, which is 20% off the current price. Actually, I think our worst case would be making $2 and not owning IRBT for the long haul!
April 22nd, 2014 at 7:36 am