Today I sold the Nuance $55/$50 credit put vertical. Nice chart but how do I take advantage of that? While many folks might not think to use a put vertical option strategy it seemed to me the most obvious choice. If I were to buy the Nuance today in the $52 range I have that amount at risk should the deal not go through. Instead I collected the maximum amount...
ASXC has FDA approval for the surgical device granted this month. ASXC has adequate cash for two year burn as sales are ramped up. Sell the ASXC Jan 2023 leap options and the raw cost is $2 per share. Stock is as of today $3.80 range. Invest the cash in GGN and trade GGN monthly into the dividend ex-date. own the stock for nearly free at any cost in 21...
BAT invested directly in OGI. I sold the $2.50 cash secured 2023 Leap puts. With the cash infusion from the direct sale of stock to BAT there is minimal risk that the stock trades sub 85 cents. Eight five cents would be the cost per share minus the put premium collected. and a secondary inveetment of the collected premium into GGN and BPT. As usual this is a...
BPT is part of a two way trade that I like. I sold the $2.50 September cash secured leap put. This put transacted at the time value of money. Today that cash secured put premium is 45 cents. This puts the downside risk of selling the cash secured option for September at 192 day. I put the cash into GGN which is an oil and gold GAMCO fund with a 10% current...
This trade has two legs. The chart is ugly. Sell a cash secured January 2023 $4 strike leap and collect $3.40. Use the cash to buy GGN at the current $3.40 ask and collect 22 monthly 3 cent per share dividends and reinvest the dividends in GGN. Assuming GGN continues to pay the 3 cent per share per month dividend for the next 22 months the stock is...