<<KG
Funny you should mention IARC. I have been adding to positions also but your posts brought my attention to the call premium. This is too good to pass up. I will write some APR22.5 and higher as the price moves up. I can let some go and hold the core position. Eighteen percent for a month is a great premium.
cdaisey@in-fla-lookin-for-jwcb.com>>
Thanks Daisy, and yes I agree. I like IARC long term and will continue to hold my core position uncovered. However, as you say, with the premiums currently in the 18 - 22% range, I think it's too good to pass up. I'll gladly pay the $22 - $23 a share and then take 20% upfront. If they take my shares, so be it....if not, I'll gladly hold the shares and write some more next month for another 20%. Isn't america wonderful....and isnt cmgi looking too tempting under $120...I mean, is there anybody out there thar does not think cmgi moves much higher from here...sheeez. I dont care if it drops to $80 this month, I'll still bet we are at $200 - $300 be year end...maybe alot higher as cmgi can make some big moves as we all know. Anyway, I have a large position in cmgi, but wont mind if it gets larger. I'll be buying every $10 interval on the way down, and my CMGI will not be covered...at least not until we are much, much, much higher.
Have a great afternoon.
Keith |
