Aug. 22 at 3:19 PM
$INSG I sold some Covered Calls today on the pop, I have a ton of shares of
$INSG with a cost-basis of around
$4 and plan to make premiums selling CCs as we go up to
$20 by End of this year (My target)
Here's a strategy that worked well for me based on my previous experience with this stock. Every time there is continuous pops like this week, we are literally 30% up since last week, just sell some OTM CCs that expire in 1-2 months. So far my shares have never been called, and I usually pocket the premiums, you just have to time it right.
I sold some
$12S expiring in Oct. We will likely not have another major run until Earnings, so it's safer to pocket the premiums and not let go of your shares. Of course they can make another deal announcement and the stock can pop further or the market continues to be bullish and shares can get called, in which case your shares are sold at a price higher than today + premiums.
Thought of sharing this strategy with this board.
