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Strategies & Market Trends : Calls and Puts for Income
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To: Delfino R Zavala who wrote (5843)11/24/2013 6:25:29 AM
From: Bridge Player1 Recommendation

Recommended By
Jim P.

  Read Replies (2) of 5891
 
Re: WLT I am long the stock and believe it will eventually (1+yrs?) return to the high 20s. Significant insider buying a few months ago forms the basis.

Thus I'm willing to hold it, and since it is down 20% from recent rally high I'm willing to sell weekly puts, 15-16, depending on the stock action and your risk tolerance. With weekly options available at good premiums I may roll out on Fridays but am willing to take an assignment if necessary and write the weekly calls until called at a net profit.
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