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.
I hope this clarifies my position sir.