I don't announce trades often but...
SOUN- I'm looking for a 10-15 price target on SOUN it is currently under $8/share.
So lets math this trade out. $800 for each set of 100 shares. If our target price is $10 that a 25% move.
I would sell $10 covered calls on each lot of 100 shares 2 weeks out for expiration. Currently paying $.22/share or $22/contract.
So that is a total of a 27.2% trade if it all works out in 2 weeks' time...
Now if the price doesn't reach $10 or higher we are still making 2.2% in 2 weeks from the covered call.
Most attempt to get 10%/year this a guaranteed 2.2% in 2 weeks.
Guess what if the company price falls more, doesn't really matter, it's a great company at a great price.
Just keep selling 10 covered calls until you eventually sell, even if that takes a year that almost 30% on the year, that's really good.
This is investing JustJoey Style
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I don't announce trades often but...
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