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Author Topic: CNC  (Read 352 times)
handsomeharry76
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CNC
« on: July 17, 2013, 08:36:59 AM »

CNC

buying the shares here at $55.24, selling the calls that expire this week $55's at 65 cents

net out of pocket $54.59
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park ranger
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« Reply #1 on: July 17, 2013, 09:16:15 AM »

 thumbs up
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handsomeharry76
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« Reply #2 on: July 17, 2013, 09:32:34 AM »

hope it works

« Last Edit: July 17, 2013, 09:41:23 AM by handsomeharry76 » Report to moderator   Logged
jack baker
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« Reply #3 on: July 17, 2013, 02:37:12 PM »

Please keep us updated...got in to late for this one but would like to see more.
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Old and Slow
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« Reply #4 on: July 17, 2013, 06:10:58 PM »

CNC

buying the shares here at $55.24, selling the calls that expire this week $55's at 65 cents

net out of pocket $54.59
I haven't looked at this at all, but are the Sept $55 worth looking at?

I always appreciate your comments on horses.  I'd like to continue to read your takes/plays on the market.

As sam would say, "the sock market" lol
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I know one thing for sure.  Indecision may or may not be my problem.
handsomeharry76
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« Reply #5 on: July 17, 2013, 07:54:50 PM »

I haven't looked at this at all, but are the Sept $55 worth looking at?

I always appreciate your comments on horses.  I'd like to continue to read your takes/plays on the market.

As sam would say, "the sock market" lol

Old and Slow,

This is more of a percentage play for me and please allow me to explain. This is an options expiration week and I doubt the market in the low volume summer will gyrate wildly the next 2 days (but it might).

CNC is at an all time high (give or take a small amount) and the chart technically looks bullish to me on all reads although slightly overbought. If I'm called, so be it, that's the goal, but if it's close the $55's next month are currently bid at $2.35 so I will re-write Friday if I believe I won't be called.

I like the NFBK with the September $12.25 covered calls idea better but even if not called, I have a price target of $15.00 on it by January 2016 but that's my personal research, could be incorrect but as I said, I really like the idea.

No sir I would not purchase the CNC September $55 calls, I would currently buy the stock and sell the August options covered, trying to book a gain this week and pay my bills. If not called, then I would re-write.

I also don't understand what a "sock market" is but if you need socks Modell's has them.

 trophy trophy trophy

I hope this clarifies my position sir.
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Old and Slow
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« Reply #6 on: July 18, 2013, 11:42:15 AM »

Forgive me, Harry, I was thinking Aug but typed Sept.  Must be the heat.

I like covered calls.  NFBK is intriguing.
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I know one thing for sure.  Indecision may or may not be my problem.
handsomeharry76
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« Reply #7 on: July 18, 2013, 11:55:46 AM »

Forgive me, Harry, I was thinking Aug but typed Sept.  Must be the heat.

I like covered calls.  NFBK is intriguing.

my largest holding

believe it gets called
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