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Non-Tech : Kirk's Market Thoughts
COHR 157.96-5.2%Nov 11 3:59 PM EST
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To: Kirk © who wrote (3967)3/29/2016 1:07:32 PM
From: Gottfried1 Recommendation

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Kirk, selling the $1 puts for 80 cents will get you the stock for net 20 cents if the put is exercised. If not exercised, you keep the 80 cents for a profit. So the worst outcome is you lose 20 cents if the stock goes to zero.

I don't understand why Bob is thinking of buying the stock AND selling puts.

Buying the stock here at 55 cents and selling Jan 2017 $0.5 CCs for 30 cents might make sense if you think it will recover. It lowers your cost to 25 cents but still exposes those 25 cents - if the stock goes to zero.

And I don't trust current option quotes to be executed
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