KIDE The stock is speculative at best. It is taking off on rumors I imagine.
Herm,
The Pokemon phenomenon is no rumor. KIDE licenses all Pokemon products outside of Asia, except for the actual Nintendo products. KIDE produces the TV show outside of Japan, and the movie, which will be released on Nov. 12.
There is a terrific site put together by some of the Pokemon investors, called, surprisingly, www.pokemoninvestors.com
The Yahoo board, although voluminous, has gobs of information on KIDE.
And it's not just Pokemon - they also license WCW wrestling, and a variety of other properties.
I've made a ton of money on it this year, and I'm expecting a lot more as the movie and earnings come out right about the same time.
As far as CC strategies, CC'ing a rocket like this could limit your upside, but the option prices are very attractive. I opened a second position at 51 1/2 yesterday, and CC'ed it with Nov 50's for 8 1/2. I could have gotten more for the options today, but I was going for the 7 points, and the stock started to drift down after I bought it.
This new position is designed to be called out. It's a safe way to make 7 points on a 51 1/2 point investment in a little over a month. (7 = 8.5 - (51.5-50)). If the stock drops, I'm protected down 8 1/2 points. But with Pokemon fever building into the middle of November, and then into Christmas, I see a safe upside to this position.
In fact, I hope the stock goes so high that I get called out before expiration, and get to keep the money sooner.
Scott |
