Entering text into the input field will update the search result below

Call Writing Strategy Part 52, Buying Back The NUAN June Option

Jun. 17, 2015 6:21 PM ETMSFT
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

I bought back the NUAN June 17 calls today (June 17th) for $0.90 , The chart of the stock has firmed up nicely. I will take the risk here, leave the stock uncovered, and look to sell an option in the August series when they are issued next week.

With the buyback of the option the breakeven on the shares now stands @ $17.58. Perhaps we can dig out, turn a profit and move on as this position has dragged on for over a year.

More to follow next week as the FCX and DAL positions expire this week. The complete portfolio will be presented at that time.

Best of Luck to all!!

Analyst's Disclosure: I am/we are long NUAN.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You