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April 11th, 2014 at 7:41 am
ISRG/Phil-Thanks again. I get it! I actually must have had a brain fart because I forgot for a moment that we collect the premium while we wait for the stock to get to a price we like or just expire worthless. Get greedy and try to collect too much premium and we end up owning the stock at a price that could be too high in this market. How great is it that we can get paid and the outcome is either owning a good stock at a reasonable price, or having the option just expire? Yes, I get it!