Quote:
Originally Posted by lewdog
Steel Stock (X) closed above $30 today. I'm up 42% on this and debating when I sell it all. It's only been above $40 once in the last 5 years and for only a few months.
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Follow Hog Farmer now retired....he was the first I think to get in at $20.
I knew and said at the time in a post it was a good investment but I had no free investment capital.
Why not sell covered calls?
For every 100 shares you can sell one call. Sell a call 4 months out-collect about $245 for every 100 shares, giving you equal protection all the way down to $27.40 and max upside of $34.45
X 32 Strike Calls
Exp Apr 20, 2018 BID 2.38 ASK 2.60