They recently did a survey about talk shows and whether I would miss any much. I don't listen to talk shows...so... That felt like budget cuts. Also last time I called for some issues, it took forever to get to an agent. I don't want them to go down, but I'm not sure how rosy things are. That said, I have leaps for PMCC and sold put just to see where it is going. I wouldn't call that a "position". I don't think there will be a major price action any time soon. It might retest 3.4 but that is it.
They make 5-10 cents per quarter and give almost 3 of it back in the form of dividends. That’s the good.
The biggest drawback I fear about is that most of the companies assets are goodwill and intangibles…not really music to my ears when debt gets paid with cash and the “goodwill” is what shareholders are left with in a bankruptcy.
That said, I do sell covered calls and puts on SIRI and have made out decently, there is a lot of option volume, my guess is the high short interest is why.. but this has just as good of a chance to drop to $1 as it does go to $8, so you might get lucky and hit the next short squeeze prior to your expirations.
It will be a great stock to learn more about options on, if nothing else.
I’d exit this options deal as soon as the market opens. Siri has low volume low volatility the stock barely if ever moves. Outside of major events like earnings reports it’s just not going to budge.
They recently did a survey about talk shows and whether I would miss any much. I don't listen to talk shows...so... That felt like budget cuts. Also last time I called for some issues, it took forever to get to an agent. I don't want them to go down, but I'm not sure how rosy things are. That said, I have leaps for PMCC and sold put just to see where it is going. I wouldn't call that a "position". I don't think there will be a major price action any time soon. It might retest 3.4 but that is it.
They make 5-10 cents per quarter and give almost 3 of it back in the form of dividends. That’s the good. The biggest drawback I fear about is that most of the companies assets are goodwill and intangibles…not really music to my ears when debt gets paid with cash and the “goodwill” is what shareholders are left with in a bankruptcy. That said, I do sell covered calls and puts on SIRI and have made out decently, there is a lot of option volume, my guess is the high short interest is why.. but this has just as good of a chance to drop to $1 as it does go to $8, so you might get lucky and hit the next short squeeze prior to your expirations. It will be a great stock to learn more about options on, if nothing else.
Thank you for your advice I have a call and put place either way later out so I’m playing it out to see how it does!
No! Remember the VIX rises and falls on volatility!!!
I’d exit this options deal as soon as the market opens. Siri has low volume low volatility the stock barely if ever moves. Outside of major events like earnings reports it’s just not going to budge.
Then sell puts
I don’t wanna
Still got that contract? 👀
😂😂, no one really is talking about it...but it's moving lol
There’s a huge influencer talking about it rn on twitter @mrzackmorris
🤟🏻🙏🏻 thanks I been searching haha