I am bullish on JMIA. I sold was assigned puts at $12, 3 contracts. So I have been selling puts and calls on those 300 shares since late Sept.
Currently have the 40 call sold for a total of $720 and 3 more 30 puts for a total of $440 (grand total credit = $1160) for Jan 15th. The stock appreciation has been $about $7100 in 2.5 months.
It isn't all roses, I was assigned 1400 shares of CLVS at $8. I have been selling calls against this for almost a year to get my $$ back. I have the stock cost up to about $7.25. Also, I have (14) 5 puts for DEC 15th that I'm sweating out. I'm not closing if it falls below 5. ]'ll take assignment and bring my average cost down again. I'm stubborn that way.
Currently have the 40 call sold for a total of $720 and 3 more 30 puts for a total of $440 (grand total credit = $1160) for Jan 15th. The stock appreciation has been $about $7100 in 2.5 months.
It isn't all roses, I was assigned 1400 shares of CLVS at $8. I have been selling calls against this for almost a year to get my $$ back. I have the stock cost up to about $7.25. Also, I have (14) 5 puts for DEC 15th that I'm sweating out. I'm not closing if it falls below 5. ]'ll take assignment and bring my average cost down again. I'm stubborn that way.
