jsd501 8:02 am on Thursday, January 3, 2019

LABU

BTC January 18, 63 calls at .05 and STO January 18, 40/45 calls spread for a credit of .52 cents. It is a good thing that I have 2 years to go on these.

fuzzballl 8:23 am on Thursday, January 3, 2019

Even with just a buck a month that’s still 24 dollars of credit. That should easily cover the LEAPS. Slow and steady….might even get a recovery along the way somewhere.
- jsd501 9:18 am on Thursday, January 3, 2019
  
  I worry because I am way below my strike price on the leaps.
  - fuzzballl 9:23 am on Thursday, January 3, 2019
    
    Same here. Using spreads and trying to sell outside the expected move is about all we can do. I’m not getting too greedy down here. Just selling slightly more than breakeven each time.
    - jsd501 9:26 am on Thursday, January 3, 2019
      
      Yup, that is the plan.
  - hcgdavis 10:51 am on Thursday, January 3, 2019
    
    Unhinge them quickly on any sign of a rebound.