We are selling in-the-money puts in an effort to buy the stock at expiration. Should the stock move up and stay over the $21 strike price then we would not get to buy the stock. However, we would still get to keep the premium we’ve collected. That wouldn’t be so terrible because it would result in a 6% return on investment, which is a pretty good consolation prize. From the look of the chart on Facebook it seems as though the stock is forming a base at these levels.
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