How Are Those Happy Endings Looking?
Summary
- Still workin it.
- Still workin it.
- Still workin it.
A whole week ago we started spreading the coconut oil around.
So how's that XSPA trade looking?
Clearly not the best idea I've had but not terrible (yet):
Yes the stock price is in the crapper this week, and I've only got this much $ on the line:
for a 1 week premium return on tied up capital of only 52.01%. I'd hazard a guess that those $2.50 Calls will certainly expire in 2 weeks, so if I can get $0.50 net for both sides on 9/18 when I roll out to October that's $10K more to add to the pile and $10K per month on this holdback is a 30%/month income return.
OK, OK, OK, I get it that it's nothing like the YUUUUUUUUUGE 5-6% yearly compounded return on O, but I'm not a brainiac like the guys here.
Nothing stellar, but nothing to....
...at either.
YRMV
PS: don't forget to wear your mask when reading SA!!
Analyst's Disclosure: I am/we are long EVERYTHING.
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.