….the “middle’ being defined as SWKS stock….aka making volatility my friend.
Being primarily a dividend growth investor interested in yields higher than SWKS pays, the fact that both TMF Pro and Saul’s and his board were excited about this stock caused me to dip my tough in the “high growth” water….and here is what has happened since:
Specifics:
1/11/16: Bought 50% position in SWKS on at $70.84
1/13/16: Sold to open SWKS Feb 16 60.00 Puts for $2.85 on this 50%
position
1/20/16: Bought another 50% SWKS position at $61.44
2/19/15: Bought to close the SWKS Feb 16 60.00 Puts for $.15
4/1/16: Sold to open SWKS Nov 16 90.00 Calls for $5.10 on entire
position
4/19/16: Sold to open Nov 16 60.00 puts on for 3.80 on entire position
4/19/16: Sold to open Nov 16 60.00 puts on for 3.80 on entire position
SWKS
Isn’t this a new position since it has nothing to do with the current long shares you hold and could result in shares being put to you if held to expiration?
Yes indeed, JT…and I’d be happy to add to my SWKS at a net $56.20/share…while probably collecting all of the $5.10/share on the previously sold $90 calls.