william the wie
Gold Member
- Nov 18, 2009
- 16,667
- 2,402
- 280
I write covered options on shares that are selling for less than 25% of tangible assets/share (25% of book value) and selling for less than $10/sh. Is this the optimal strategy if I exit the issue at 50% of book or $20/sh. I do this on the principles that buying options is stupid and doing so for shares selling for less than $10 is even more so.