Update on Guidewire Stock and Covered Call Position

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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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Guidewire’s Ambiguous Q3 Results, And The Market’s Manic Reaction

The market reacted in manic fashion to Guidewire’s fiscal Q3 financial results. Initial jubilation sent GWRE up over 10% at market open, but that was quickly displaced with selling that saw the stock give up all its early gains, and then some. “Yes, yes…NO!” – Mr. Market reads through ALL the bullets in Guidewire’s press […]

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