Denco nice bounce off 4.08...was showing support there last few days
Denco nice bounce off 4.08...was showing support there last few days
Thank you for setting this up BDP.
Honestly, is it really this hard to have basic discussion site focused on Sirius XM for those of us who sincerely want to focus on the stock. I am not sure why everything has to be a game and especially when the stock seems to moving in the right direction. As I said last week, I am okay with gaps in discussion given news is sporadic and to avoid having targeted information lost among pages of posts. It does not seem unreasonable to have this alternate thread while others interested have a place for broader discussion.
Last edited by dm_4; 11-02-2015 at 12:13 PM.
As you may recall, I sold puts on NFLX prior to their last earning release. Stock was trading at $114 or so and I sold the $100 puts for $2.35 or so...they missed on earnings and the stock tumbled and I ended up getting put those shares.
the next week I sold the Nov20 $100 covered calls against those shares for $5 and I also sold the Oct31 $93.50 Put for another $2.10 or so. Those $93.50 puts expired worthless on Friday so I pocket that premium and this morning I sold the Nov20 $100 puts for another $2. One or the other is going to execute, but not both. Either way I keep the premiums.
Also, in a similar vein, I'm playing the HLF earnings call - they announce Q3 numbers after the close today. As you probably know, they've been in a bit of a pissing match with Bill Ackman, who shorted them to oblivion 18 months ago.
Anyway, late last week they put out a bit, talking smack about Ackman's latest venture into Valeant Pharma....I figure (maybe I'm wrong - wouldn't be the first time ) that they wouldn't be talking smack if their own numbers sucked, so I think they will do well - at least in the short term. So......
I sold Nov 6 (this Friday) $52.50 Puts for $2. If I get put the stock, I'll sell the covered calls like I did with NFLX.
I don`t see anything wrong with mentioning another stock, just as long as the football and other name calling stops.
DM is going to complain about you next, don`t mention any other stock.