1. drcrane's Avatar
    What do you guys think of selling covered calls?

    Sold some today for $0.44 with 2 week expiry... even if I get exercised that is about a 3% return for 2 weeks, seems very good.

    Of course I'll be a bit pissed if BBRY goes to $18 in that time but 3% is still 3%...

    I don't think I'll repeat in June but post earnings (if good) premiums should go even higher possibly making selling calls even more profitable.


    Posted via CB10
    05-17-13 06:06 PM
  2. kfh227's Avatar
    It works till that day bbry just keeps going up.

    They work well for fairly valued companies like jnj. For bbry I'd be more inclined to do naked puts but in very small amounts.

    Posted via CB10
    05-17-13 06:34 PM
  3. theRock1975's Avatar
    I've been doing this for years. Bbry a bit more generous than other stocks because of its volatility.



    Posted via CB10
    05-17-13 06:54 PM
  4. drcrane's Avatar
    I'm not convinced on the short squeeze theory. I do believe BBRY will continue going up but I think it will be slow and steady.

    If it jumps up when I'm holding some covered calls so be it. I'll re-evaluate if they exercise and can repeat for even higher premium then if I'm still comfortable that downside is limited.


    Posted via CB10
    05-17-13 09:29 PM
  5. jrwb6e's Avatar
    I'm not convinced on the short squeeze theory. I do believe BBRY will continue going up but I think it will be slow and steady.
    I agree. There has to be a major catalyst for buyers to regain faith in Blackberry in order to induce a short squeeze.
    05-18-13 07:57 AM
  6. Mike Scanlin's Avatar
    I run a site on covered calls and we have a feature that shows the Top 10 most commonly purchased covered calls across all our members. At the moment, the BBRY Jun 22 15-strike is the most commonly held covered call. Yields over 6% if BBRY > 15 on Jun 22, or annualized 68%.

    MikeS
    Born To Sell
    http://www.borntosell.com
    covered call investment tools
    Shanerredflag likes this.
    05-20-13 01:44 PM

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