Seeking Alpha
  • J Mintzmyer
    Just bought 100 ($11) Dec 12 calls on BAC. Let's go Romney!!!!!!!
    11/2/12
    Reply (6)
    • Joe Springer: For 14 cents you could have big winner
      11/2/12
    • J Mintzmyer: Yes, obviously I'm playing a total lottery ticket, but I'd hate to be on the other side of that...
      11/2/12
    • Joe Springer: Buffett got in BAC in the 5's maybe he's willing to take the double and wrote your covered calls. Probably that is what happened : )
      11/2/12
    • J Mintzmyer: Ironically I thought about writing a few covered calls as well- quite the implied annual yield!
      11/2/12
    • Bryce Istvan: Should have bought RGR and SWHC instead. You still might end up ok if the fiscal cliff gets resolved, but I wouldn't buy calls on that
      11/7/12
    • J Mintzmyer: Haha-- there's a hedge approach for ya! My hedge was BAC puts ($9 DEC). I have 10 of those.
      11/7/12