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Old 10-30-2007, 10:40 AM
Jimbo Jimbo is offline
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Join Date: Sep 2002
Location: Planet Earth but relocating
Posts: 4,376
Default Under Armour

Man O Man I love this stock! [img]/images/graemlins/smile.gif[/img] It posted great earnings, kept guidance stable for the 4th quarter then immediately dropped down to $56.50 per share. I had sold 5 UAKL's ($60 Nov covered calls) at $5 each, got to buy them all back for $1.40 each for a quick net of $1745. This is why people write covered calls (I mention this because a month or two ago many people did not understand why anyone ever sells covered calls).

Now the stock is back up to @$61 per share. If the UAKL's get back to $5 again I'll either sell them again or perhaps move up to the Nov 65 calls.

Jimbo
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