ACAS Rebound
ACAS has made a little run here off of its 27-ish lows (see the chart below), so the BHW portfolio sold the May 40 call for .85 (or .7425 adjusted for the commission). That brings the break-even price for ACAS down to 39.43 and adds a little cash to the port. One might reasonably expect ACAS to behave erratically for a while, and any kind of drop below 30 might make the May 40 worth buying back.
No Comments »
No comments yet.
Leave a comment
About This Site
This Buy (Hold) & Write strategy blog will serve as a real-money model portfolio demonstration versus a Buy Only strategy. It assumes investing in companies that the investor more or less intends to own for a fairly long time, either for their growth potential and/or their income production (dividends). Whenever possible, calls will be written against the held positions, thus establishing a “covered call” position. The idea is to, over time, reduce one’s breakeven point in the underlying securities. This portfolio demonstration is for informational purposes only. Visitors to this Website are hereby notified that the Website author(s) do not assume any responsibility for the accuracy of and/or the reader’s use of any information posted on this Website.
-
subscribe
