volatile stock but not going out of business anytime soon, bought the Jan2021 200calls last week, and sold the weekly 262.50 calls at $2.56, closed those calls at $.08. so reduced cost basis of the long calls by $2.42 last week. Earnings are Wednesday, would like to see stock rebound to near 260 again and then will be looking to sell the Oct25 calls 270/275 area. the 270's should be near $8-9 in value at that point.
I accept that this stock moves around a lot hence the 44IV but there will be multiple opportunities to sell short calls/ ratio spreads between now and the opex at Jan2021 for the LEAPS
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