Originally Posted by samnyc
DNDN is down close to 3%. Currently trading around 4.62. You still like this?
The stock was over $6.60 the day of earnings, so it is off more than 3%
I sure am glad weekly options were available.
I sold the weekly $6.00 calls for 83 cents and just bought them back for 1 cent.
I'm trying to sell the weekly $5.00 call, if the stock will pop up 15-20 cents today.
Otherwise the weekly $4 puts I sold for 9 cents will expire worthless.
The August $5.00 puts I bought for 37 cents, or really 28 cents (37 - 9 = 28) are now worth 61 cents.
I'm waiting until Thursday, tomorrow, when the August 10th options open, and will consider selling weekly calls and puts.
The revenues were a little light, and the earnings were not that bad. I think most of the drop is because they are laying off 600 workers.
The stock is down $2.00 since earnings. My losses on paper are only 45 cents per share.
and very importantly
, I can sell weekly calls and puts for the 10th and 17th.
Options clearly saved me, on this.
I recommend using options for certain types of investors.