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On October 8th I sold covered calls on my entire position for the Oct $52.5 strike. Couldn't believe that by experation not only were all my shares called away, but the premium I received was no where near what I could of had if I didn't sell the calls. When the stock touched $60, I figured I had really blown it.
Now today, less than 15 trading days later from selling the Oct Calls and only 5-days removed from hitting $60, I bought back half my original shares for ~$51. From my perspective, the only changes in the last few weeks have been positive. Earnings were not great but not worse than expected. No taxes from PA, and the governor has been on several interviews saying how strongly he is supporting Nat Gas. Did I just get lucky to get some of my shares back? I am crazy to be thinking of buying back my other 1/2 if this breaks $50? Is the overall market going to keep falling or is this just another month end correction that we seem to be having over the last several months? Sentiment : Buy Rating :
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Messages in Topic
| Subject | Author | Rating | Time of Post (ET) | ||
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What a strange few weeks!
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ronjfarrell | Not rated | 28-Oct-09 04:00 pm | ||
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when a stock trades for 70x earnings, it can rise ...
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afoxtrot870... | (1 Rating) | 28-Oct-09 04:04 pm | ||
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RRC still seems like a very peculiar stock to...
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ronjfarrell | Rate it | 2-Nov-09 03:23 pm | ||
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nice trade range..... was $60 - now $48
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prospectule | Rate it | 13-Nov-09 11:02 am | ||
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must be a seller out there the other drillers...
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oilexplore1 | Rate it | 13-Nov-09 12:30 pm | ||
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Definately a seller of size. I have seen...
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pepsivol | Rate it | 13-Nov-09 01:00 pm | ||
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Just bought the same for myself. Th...
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value_00 | Rate it | 13-Nov-09 02:13 pm | ||
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I agree, it has dropped 20% si...
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oilexplore1 | Rate it | 13-Nov-09 02:20 pm | ||
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is Range presenting @ Ban...
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prospectule | Rate it | 13-Nov-09 03:25 pm | ||
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We will be at Pritch...
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oilexplore1 | Rate it | 13-Nov-09 03:51 pm | ||
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thanks.. ...soun...
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prospectule | Rate it | 13-Nov-09 04:01 pm | ||
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Maybe I have been st...
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value_00 | Rate it | 13-Nov-09 03:54 pm | ||
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it did make a d...
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oilyakbar | Rate it | 20-Nov-09 12:11 am | ||
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Huge volum...
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pepsivol | Rate it | 20-Nov-09 10:12 am | ||
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Took ...
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oilexplore1 | Rate it | 20-Nov-09 11:22 am | ||
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Loo ks...
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theyogue2 | Rate it | 20-Nov-09 12:21 pm |
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