Blue,
I don't think KEM is going to POP quite like that. However when it does, I will exit the stock, at a profit, with glee.
As well, I didn't understand your covered put write strategy. All puts written are uncovered, by design. I guess that means that you have cash to cover being put, right? If so, that still means the option you write is uncovered, or naked.
Or does it mean you have been shorting the stock, and you cover with a written put? (the "other" side of the popular buy/write on calls, IOW... the same thing as a CC option write strategy, but on the short side.....)
Steve |
