Mar. 21 at 4:13 AM
$RIGL Anyone else sell calls against 1/2 of their shares?
I’ve sold calls here since 2020. The premiums haven’t been spectacular but it adds up in the long run.
I’m fairly in tune with what’s coming up PR wise. Raul is generally quiet, never jumps the gun, patient to almost a fault. Boring.
So I write calls when I see a projected time gap til the next pertinent news or events.
I generally do it after some sort of mid cycle peak, not in despair when we’re walking down. Premium on the call increases dramatically with any uptick in the stock price.
One other very important note about writing calls - never sell one you don’t want taken. Be happy with the price you write them on or you will be miserable and second guess yourself.
I wrote 4
$30 April calls over the last 2 weeks. Here’s to the stock taking off and making me look bad - that’s the goal. 🍻
