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July 23rd, 2017 at 10:51 am
Here an other example
AXP I hold Jan18 55/67.5 BCS. Stock is trading at 85.59 let us drop 20% 68.47 Doing absolutly nothing I am still getting 12.50 So would you chop this tree now for say possible 12$ leaving .50 on the table? I would say yes lets cut it! OR On the other hand you still have quite a few month to sell cherry calls, good money while you wait. Aug 85 caller 1.53 with 1$ of extrinsic value. An other 4 month like this and you receive an other total of 5$ while holding out for the ,50 cents and waiting for the 20% drop. We better calling on Donald the Clown to throw the darts on the dart board.