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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 378.35+2.7%4:00 PM EST

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To: carranza2 who wrote (153406)2/20/2020 2:01:00 PM
From: TobagoJack  Read Replies (1) of 217651
 
Re <<sell>>

You can consider waiting ~week for the actual selling of the shares at ~current Bid, and now immediately now do:

(1) Short covered Call Feb 28th Strike 890 @ 39.75 per share, and at end-day 28th ...

(1-a) Should the shares not be called, tell wife, “I sold, got non-refundable deposit, but the deal did not close”, or

(1-b) Should the shares be call, tell wife, I sold 20th Feb, it closed today. Please cut me a check for handling fee of 39.75 per share.

(2) If brave you or inattentive but forgiving wife, simultaneously short Put Feb 28th Strike 890 @ 39.05

(2-a) Should the shares be Put to you, say “oops, I clicked wrong icon; fat finger; whatever; it is a good stock anyway; besides you got paid 39.75+39.05 or almost 9% dividend for holding 7-days”

(2-b) Should the shares not be put to you, but called away (the ones you hold today), say “am I not brilliant? I got you ~9% more on intention-to-sell by procrastinating a week.”

(3) Good volatility is hard to come by these days, so when find it on a company w/ modicum of merit, use it

(3-a) If by chance you got called and put the same day, - shares and then + shares, net neutral, you say, “I can sell tomorrow, but we got a bonus dividend today booked for ~9%”

Or

(3-b) “am unsure what happened, but why don’t you cut me a check for the 9% that isn’t really yours, and let me return it to the market by and by?”

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