fuzzballl 7:38 am on Tuesday, March 8, 2016

DUST covered stock

Added a little more…covered with next week’s 4’s @ 3.45

honkhonk81 7:48 am on Tuesday, March 8, 2016

$DUST I’m not sure I understand. I just went to sell some 4.00 CC’s on $DUST, for next week, and the quote is .35, not 3.45???
- sasquatchonline 7:51 am on Tuesday, March 8, 2016
  
  Fuzzball bought stock and simultaneously sold $4 calls against it resulting in a stock cost basis of $3.45, so the stock was approx. $3.80 and the call was approx. $.35
  - honkhonk81 8:11 am on Tuesday, March 8, 2016
    
    @sasquatch Hey Guy, Thanks, gotta think outside the box here on Bistro. ;>) 2 HONKS for you.
- fuzzballl 7:52 am on Tuesday, March 8, 2016
  
  Bought stock at 3.80 and sold 4 dollar calls @ .35. Net cost on the stock is 3.45.
  
  Not really anticipating this thing getting above 4…long term goal of owning it free and clear for the next gold collapse.
  
  If it does get called away still a decent 10 day gain….
  - honkhonk81 8:13 am on Tuesday, March 8, 2016
    
    OK, now I understand, Thank you. 2 HONKS for you too!

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