TMBM + TM friday

Discussion in 'Trading' started by KINGOFSHORTS, Jan 17, 2009.

  1. I bought 300 shares of TM and wrote 3 calls TMBM strike 65 at 5.20

    I think out of all the automakers TM is a better bet and premiums are not bad, if I get assigned I would be happy with the normalized return,otherwise I will just write 3 more contracts forward.

    I added TM to my distressed equity portfolio.
  2. ?....why not short-sell the 65-puts instead?