See, beautiful green in a sea of red. I took advantage of the (uncalled for) 12% drop yesterday and bought 2 contracts of $40 put option...about $600 option premium in a month. Buy the dips and sell Out-of-the Money Call option with the shares so the option premium will offset some, in case of, share price drop. Or sell Put options to collect premium or to get below-market shares in case you are put the shares.
I have been collecting call premium and rolling up several times the strike price as it has been keep moving up. My target is $80, at which time I will sell all my shares (average $25.40).$New Oriental Education & Technology(EDU)$
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