Hi Joe,
Living up to your self-applied name? ;-)
As freeus said, you should have waited until after earnings to sell.
But since you already have, a good strategy would be to jump into some calls tomorrow morning. The Nov 70s, as freeus mentioned, look good.
But I'd play with a little more -- use perhaps 25% of what you sold to purchase a number of different contracts -- Nov 70, 75, 80; Feb 80, 85, 90; May 95, 100, 105. (But now that I looked, the highest I saw for Feb and May are 75s -- see for yourself at cboe.pcquote.com .) Note that I'm specifying earnings months to purchase calls for.
And of course, load up on LEAPs -- you'll get more bang for your buck by using the other 75% to buy LEAPs instead of re-purchasing the stock. (Me, I'd split it 50/50, but I like risk.)
So I really didn't say anything more than freeus; at least I added the link to the CBOE Dell option chain. ;-)
Good luck tomorrow,
KenB
PS Note that I am not an investment advisor -- you should do your due diligence. |
