oldarmy1 said:
Pignorant said:
If I bought the stock yesterday and sold covered calls, what is the longterm hope/play?
If you sold covered calls the long term play is just let it ride out to expiration and pocket the premium. Crazy move on short cover squeeze going right now.
May try $3 covered calls for PTI (using your technique), got back in this morning. Schwab also loaded the boat this morning, not surprisingly.
the MM's made money shorting this, now going to ride it back up to high 3's or 4+ on news or buyout.
showing strength after hours too!