• bdy
    Sold an $AMZN 320 Aug Call for 2.52 credit...wouldn't be surprised to see it set new highs after an earnings miss but I doubt it.
    7/26/13
    Reply (9)
    • bdy: If I get assigned the short stock at that price I'll take it and sell some puts against it.
      7/26/13
    • MSF INVESTMENTS: You mean calls.
      7/26/13
    • bdy: No if I'm short calls and the stock ends up over 320 I'll be short -100 AMZN shares at which point ill sell a put against it like a reverse
      7/26/13
    • bdy: covered call.. Maybe its called a covered put. Basically limit my downside and collect some credit
      7/26/13
    • MSF INVESTMENTS: If you sold a call you have to deliver the shares - you won't get assigned at the strike price.
      7/26/13
    • MSF INVESTMENTS: If you sell a put you get assigned at the strike price.
      7/26/13
    • bdy: Yes but I dont have shares to deliver because I sold a naked put therefore I will end up -100 which is a short. If I sell a put against it
      7/26/13
    • bdy: and that gets assigned to me then I will be +100 which will take me back to zero
      7/26/13
    • bdy: I am short 300 JPM shares and 300 SPY share this way how could it be any different?
      7/26/13