Bought some BABA today...

Discussion in 'Stocks' started by Cabin111, Mar 21, 2019.

  1. Cabin111

    Cabin111

    100 shares...I've owned it before. I wish I had never sold it. Bought it for 179.13. I then optioned (covered call) the Jan 20 180's for $21.10. Should make a good profit if it gets called away...Strong interest at the 180s. Even if it drops to $160. in Jan 2020 I still could option it again...Just enjoying the spread money, plus the $2,100.+ sitting in a money market making over 2%. Yeah, boring but pretty stable.
     
  2. Rather than buying stock, use short otm put. Repeat until assigned.
     
    KevMo and vanzandt like this.
  3. [​IMG] I also have a position on BABA
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