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Non-Tech : Kirk's Market Thoughts
COHR 185.79+5.8%3:59 PM EST

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To: Kirk © who wrote (6252)10/10/2018 1:25:04 PM
From: robert b furman1 Recommendation

Recommended By
3bar

   of 26796
 
Hi Kirk,

Splash a little water on it if it gets to smoking.

I sold my CY position on the last earnings report when it popped into the 18's for a short period.

Today sold a January 2020 put for $2.05. That's out there 15 months so it gets capital gains treatment.

$2.05 / $10.95 = 18.72% premium to net purchase price 18.72 / 1.25 = 14.98% annualized.

I previously have an average cost of 11.37 - so while getting 14.98 % on my money - I'll average down if I get the stock assigned.

If assigned I'll get a dividend yield just over 4% on an American chip maker that focuses on auto's, USB.c cables and Iof t chips (all fast good growth sectors).

Semi's have surely been slapped back from recent ATH's. CY peaked on 3/27 at 18.87 :

stockcharts.com

Bob
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