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How Are Those Happy Endings Looking?

Sep. 06, 2020 1:19 AM ETXWEL, O11 Comments
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  • 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.


PS: don't forget to wear your mask when reading SA!!

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

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