Good morning!
Nice little dip on /CL but didn't quite make 0.50 but we'll take 0.25 and re-set if we can at the same lines (when crossing below).
SCO March $9 calls at target (0.65) - let's pick up 50 of those in the STP.
You're welcome Swamp, great to have you on board!
WU/Yodi - Good one! Nice 4% dividend (0.90) but I'd rather go with (for the LTP):
- Sell 10 WU 2023 $22 puts for $4.50 ($4,500)
- Buy 20 WU 2023 $20 calls for $4.50 ($9,000)
- Sell 20 WU 2023 $30 calls for $1.25 ($2,500)
That's net $2,000 on the $14,000 spread that's $6,000 in the money to start. The worst-case is owning 1,000 shares at net $24 (assuming our $2,000 is wiped out) and that's only 1/4 of an allocation block - so we have no issue with ownership at about the current price - that's why we can afford to be aggressive with the put sales. WU is thinly traded so you have to be patient to get your fills.
AMGN is also a good deal. If they pull back to $220 I'll be into selling some $200 puts.
AMJ/Yodi - Good way to play that one.
Good way to spread your MLP risk.
