<<! HaHa! KG4-- I like your suggestions about iarc. Maybe I`ll try it.>>
Well, in my case IARC is a great play. As Tom says, only play the cc game with stocks you wouldnt mind owning if need be for a little while.
Well, I have alot of IARC, and certainly wont mind some more if that's what happens. How can I pass up 20% UPFRONT, on a stock I will gladly keep if it doesnt get called. Persnally, I think IARC is much, much, much higher at the end of the year, but what it does and how it gets there is something I cannot predict. With this in mind, and with them being so generous with the premiums, I just think this is a great play. If you dont like the company, or it's prospects, I would recommend something else.
The May 30's kind of intrigue me. I know that status quo here is to keep the marriage short term. Write atm's for the current expiration month. However for me...I have a large core position. I wouldn't mind makiing some extra bucks on it...if some of it gets called, so be it, as long as it's at a nice price. So I was thinking...maybe take Half my core in IARC and write the May 30's. I can collect 15% upfront, and in 7 weeks, if the stock has not been called, I am thrilled and have made some extra bucks on a stock that would otherwise just be sitting in the portfolio minding it's own business, if it gets called, well, I still have plenty of shares left and I increased my 7 week return from 15% to 55%.
Good Luck, and regardless, I am with Cosmo Daisy...I will keep buying IARC whether it is up or down, as long as the accompanying CC's are paying such a nice premium for april expiration. |
