#CoveredCalls – I’ve finally begun the long slog to as much of a recovery as I can get. Early assigned on Jan 2020 70 strike puts a few weeks ago. (70 strike with a basis of 53.75…uugh). I am long some Jan 2020 12.5 puts that are nicely profitable but not booking those yet.

Replacing this week’s covered call expiration. (sold for .40)

Sold AAOI JAN 18 2019 17.0/25.0 Bear Call Spreads @ .49

Looking for a buck a month and a little recovery in the stock to get out. Using spreads in case we wake up one day and they’re getting bought out for 50 bucks (not sure who would want them…LOL). At some point a bankruptcy will be more beneficial with my long puts but for now still need some basis reduction.