A 5% Return in 28 Days on a Fav Stock

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A 5% Return in 28 Days on a Fav Stock

Sometimes the option buyers we lovingly refer to as degenerates really outdo themselves. As we’ve discussed many times, I have been selling covered calls on favorite stock Guidewire (GWRE) since its IPO last year.  The trading strategy has resulted in nothing that couldn’t have otherwise been achieved with a simple buy-and-hold thus far, but with […]

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Update on Guidewire Stock and Covered Call Position

Our covered call sale on Guidewire is backfiring a little bit – the stock keeps going higher! An excellent quarterly earnings report is to blame.  Guidewire keeps on closing deals and collecting recurring checks from existing customers.  The result: GWRE has rallied from $26 to $32.15, straight through my strike price of 30. So the […]

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