Dennis, one of the great things about investing is that there is an unlimited variety of perspectives and approaches available (everybody's got an opinion). One of the great things about this forum that Herm has established is that it is a nice place where we can share, learn, and refine our various approaches.. but for this to work, we have to be willing to offer our views, so here's my perspective on your GLBL question...
First, understand that my focus is on generating recurring cash flow in a conservative manner. Second, I take your word that GLBL is a stock that you would not mind owning, i.e., it satisfies whatever your criteria is.
Since the stock is approximately $20, I'd put aside $1000 for each 100 shares I want to own. I'd be interested in at least 500 shares ($5000 set aside for margin). Then I'd sell 5 July 17.5 PUT's for 9/16 (limit order) to net about $250. This provides cash in one month at a rate that equates to an annual return of 60% on the investment (250/5000 x 100 x 12 months). If the stock is not put to me, then I'd do a similar trade next month and again and again. If it is put to me, then that's what I wanted anyway, and now I'd put it in the safe and start selling calls against it looking for the same return. In either case, I've begun a $250/month cash stream process with GLBL as my machine. As a single trade it doesn't set the world on fire, but after a few of these trades begin to compound regularly, it's a good feeling to have to count the cash.
Actual broker margin requirements to do this trade are considerably lower (probably only about $300) and thus would provide an even higher ROI, however, I'm conservative and want to be sure that I don't have to scramble if the stock is put to me... besides, 60% return is above my target range (40%-50%). There is a risk that the machine (GLBL) may decline below what I paid for it.. but I know that risk going in, and besides, I want the stock (you said) and I'm primarily interested in the continual cash generating capability, not the resale value. Hopefully, when I tire of making these returns, GLBL will have held it's value.. but that is clearly the risk and needs to be watched.
So there you have another approach to mull on. I'm sure that there are numerous other approaches out there and I certainly could learn more, we just need to hear about them.
Tom
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