Re: NDEP - All Three Permits Tentatively Approved !!
in response to
by
posted on
Oct 30, 2021 11:48AM
Cal: "We are going thru crazy/happy time as LAC stockholder. I would be very cautious to selling cover calls as not to limit my gains, JMHO."
Great advice, Cal! Unfortunately for me I did purchase Covered Calls for a small premium just immediately prior to the present run up. I was able to buy back some of those that had a higher Strike Price without suffering too great of a cost, but those at a lower Strike Price will most likely be called back before the 19 November Expiration Date. I will still make a nice profit, but obviously I will lose the extra potential profit had I not done the Covered Calls in the first place.
At such a fluid time in the evolution of the Share Price for LAC it is probably best to not entertain Covered Calls for those who have held LAC for so many years. When I purchased my Covered Calls for a small premium I assumed that the Yo Yo pattern would continue unabated until we had release of the DFS or LAC tied up with a Significant Financial Partner or until the Du was on the Lilly. I was wrong.
Again, Good Advice, Cal!!
Okiedo