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The 10 Most Recent Messages By TMFFischer

Take me back to where I was.
  • Date: 12/7/17 10:33 AM
  • Number: 310
  • Recommendations: 3
Greetings,

The stock is up again on an upgrade from MS -- not a company we want to fight against in the immediate. But, as the momentum fades away, we're very likely to short more shares (assuming reasonable fees). Our stake is nearly
(Continued...)
  • Date: 12/4/17 5:16 PM
  • Number: 2198
  • Recommendations: 2
Big jump.

Once again, just waiting and doing nothing yet would have been better than covering it last week (by small degrees so far). See how bizarre my work is? I'm often rewarded for doing nothing; if only I could keep doing
(Continued...)
  • Date: 12/4/17 5:14 PM
  • Number: 2197
  • Recommendations: 0
Mark,

Why not go up to $115 now? You could. Or write $110 still (the stock is right at $110) to get paid more and be more "defensive."

Best,

Jeff
  • Date: 12/4/17 5:13 PM
  • Number: 2196
  • Recommendations: 1
Hi Rob,

You can roll the owned Jan. 2018 $80 calls to 2020 (and $80 again or a bit higher if you wish) if you want to act now. We'll be doing it soon enough anyway, but probably early in 2018.

Best,

Jeff

P.S.
(Continued...)
  • Date: 12/1/17 4:18 PM
  • Number: 2173
  • Recommendations: 0
Hi Hook'M,

<<<<
I have:
BTO DIS Jan 2018 85 Calls
STO DIS Jan 2018 95 Calls
DIS Stock to cover long Calls

Question: Is the recommendation appropriate for me, i.e., sell to close short 95 calls and

(Continued...)
  • Date: 12/1/17 1:44 PM
  • Number: 2168
  • Recommendations: 0
Hi davcha2,

Pete is exactly right; the yield with a diagonal call is derived by dividing the short call premium into the amount of funds you have invested in the long call. It wouldn't make much sense to base the yield on the stock
(Continued...)
  • Date: 12/1/17 10:40 AM
  • Number: 2163
  • Recommendations: 2
...then write the January 19, 2018 $110 calls instead. They pay about $0.68 lately. If that's enough for you, write those, and we'll address them as we roll our long 2018 calls (presumably next month).

Best,

Jeff
  • Date: 12/1/17 10:38 AM
  • Number: 2162
  • Recommendations: 0
Damien,

Thank you for your post.

You didn't do anything wrong if you wanted to own two DIS calls. That's simply an allocation question. We don't know the size of your portfolio, of course, or your allocations in it.
(Continued...)
  • Date: 11/30/17 12:37 PM
  • Number: 2128
  • Recommendations: 0
peesoo,

You could write a second call if you like, yes, on the belief that one of your long calls is not covered.

But I hope you own two calls for a reason! That you wanted to, and didn't accidentally double down.

If
(Continued...)
  • Date: 11/30/17 12:31 PM
  • Number: 2126
  • Recommendations: 0
You could also, yes, sell Jan. 2018 short calls instead of February (still $110). I don't love what they pay, but it's actually not a bad payment on the price of your long calls (still a good yield).
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Take me back to where I was.
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