No, I meant the 70's like i said. I got the stock at 74 and sold the 70s for 5.60 and 5.80. I locked in $1.70 or so profit as long as it held 70. I didnt sell the 75's because of the risk of it falling on the ruling, this gave me more room to be safe. ITs only a 2 day play too, so I wanted a safer return. If I sold the 75s and it fell to 71, i lose. I had a nice cushion here.

I didnt go without the calls for the risk reason, a bad ruling and its down a lot. Id rather lock in a profit instead of getting killed on a fall. At least if it fell i was protected nicely. I had a few uncovered shares, just 500 though. But when I did 3000 shares, I was not going uncovered. Too risky. like banging a hooker without a condom.


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WELL MO Won the reversal, poppped $4. That was nice and easy. $1.80 premium on covered Dec 70 calls yesterday too. Nice... Now for the MO breakup next year.

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I persume you mean the DEC 75s ?

BTW, why did you sell covered calls if you expected the stock to go up??


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