McInnis 03 said:
PincheDriller said:
Thoughts on $ASO
I'm long since $15.94. I think they have a really nice growth potential considering they're only in like 13 states or something like that. That's my whole premise to ownership lol. It's worked so far.
agreed. I watched and waited too long. when it hit $17 I bought a $20 call and then exercised it. I'm a little in the money now but I also sold a $30 CC for February.
I love academy and believe it will do well. To McInnis' point, they are going to be expanding. Its why the family sold to PE. They could only grow it so much without a ton of debt. PE swoops in and expands like crazy.
I didn't want to make it too big of my portfolio so I only own 100 shares. If I'm called at $30 on a net $21 investment in just a month or so I'm very happy.
Although, I'm fine selling 1-2 month CCs that are well OTM. Lower cost slowly but surely and hope to capture their gains.
I'm expecting/hoping for another earnings blowout in March. Last time they blew out earnings it popped nicely (unlike other stocks!!). Going to wait and see how earnings go before selling another CC.
AND if I can get it really low via CC method that would be great but even if I get called out I'm going to take a chunk of profits and buy shares to be net free on them and just set it and forget it.
