Hello Annette and gang,
Just joined SI, though I've been following you guys and girls for quite some time (geez I feel like a voyeur). I've been long on NAVR for about 5 months, and one thing that I've done that has been quite rewarding is to write covered calls against it. Each month, I get about 10% of what I spent on the stock in premium. The calls keep expiring out of the money, so I haven't had to buy any back (yet). I'm now short (covered), the Apr. 12 1/2, which is the lowest one I've sold against, but since I sold them for about 2, if the stock is below 14 1/2 by April 16, I make out. And since this IPO could keep us waiting a while, it's a nice way to make back some of the outlay while we are waiting (I do understand that if the IPO happens or is pushed up in timeframe, I may miss out on the big run up, but, such is life)! Anyways, just wanted to share that idea and say hello to everyone, and best of luck!
Kaiser |
