Originally Posted by
user34615145
Ya'll remember those $4 puts I sold on SIRI last December or so? Got $.08 for them. The contracts got assigned so my cb is $3.92 right? It's only a small position - 2000 shares but still, I'd like to think I could make at least a couple hundred $$$ without too much trouble on the almost $8k I have tied up.
Well, I'm tired of waiting for this POS to do ANYTHING so I sold the June $4 Calls for $.10....if it gets assigned I will have made a whole $.18 on $4 in six months....that's a 9% annualized return for those keeping score. Big whoop.
If this pig of a stock continues to wallow in the mud - which is entirely possible - and I don't get called away in June at $4, then I'll re-write the calls for Sept or Oct. or who knows? Maybe even December, and I'll try set the strike low enough that I might actually get called away and get my money out so I will able to do something meaningful with it.
Too many other opportunities out there to have even a little bit of my money tied up any longer in John Malone's plaything.