11-06-2013, 10:15 PM
I've got 800 shares but 400 of them are covering Jan $22 calls. Looks like after January the position will be down to 400 shares long. If shares dip, perhaps I'll sell 400 January $22 puts. If put to me, that would provide an entry price of around $21.50 and if not would generate the equivalent of 3X+ dividends for the risk.
Alex