Member
Posted 20 October 2017 - 12:55 PM
What a turnaround off the morning lows..... I didn't feel compelled to buy the common so instead I sold the GE June '18 (22 strike) calls for 1.35. I felt this was low risk given the amount of time for this to play out and for for the puts to expire worthless. If the unexpected happens and the stock is put to me, my basis will be 20.65.
I've also done this strategy today with Kimberly Clark (KHB) and Wallgreens (WBA)
Member
Posted 20 October 2017 - 01:09 PM
selling call on GE? you are bearish on it? it is too risk, I wonder why dow can make new high everyday but GE has been down
Member
Posted 20 October 2017 - 01:40 PM
PUTS! Sorry, I should have paid attention or edited the original post. I sold the June '18 22 puts on GE. Thank for pointing that error out.
Edited by cycletimer, 20 October 2017 - 01:41 PM.
