i've played around with NYB over the years, writing calls or puts and having fairly limited success at making anything resembling a decent rate of return, but i still have 200 shares at this point, so i wonder about your thoughts on the following:
if i sell january covered calls, i get .20 a share, but i have chosen not to sell calls for the past many months, thinking that NYB will probably get bought out at some point, and i would likely realize more in that case than i can get from calls, at least until the stock starts to move higher again
in the meantime, i collect a reasonably good dividend based on my cost, which i calculate to be 16.80 since i sold 17.50 puts at .70 to acquire these shares about a year ago
do you ever think of foregoing the call premium on the idea of a potential buyout, or do you think that a buyout is rather unlikely?
just curious, since you obviously follow this company closely as well, probably much more closely than me at this point, with my small remaining position |
