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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 […]
It’s been a full year since we initially highlighted Guidewire (GWRE) as a growth software company with utility-like revenue stability. No doubt inspired by the piece, GWRE has hummed from $25 to $41 – a gain of over 60%. During that time, I have been selling covered calls on GWRE. My shares were called away […]
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 […]
Yesterday I tried something new – selling covered calls in my IRA account. It’s a strategy I’ve been reading about, and pondering, for years. And what better experimental ground than my IRA and this blog! Ideally this strategy should be employed on safe, dividend paying blue chip stocks. So we’re naturally going off-script in our […]
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