12-02-2021, 06:10 PM
Guru,
Since we are VSTO buddies
thought I would let you know. Smith and Wesson just blew revenues by about 10%. Ruger may or may not be next. As we know VSTO doesn't sell guns but they used to and get they still sucked into the industry results every time until the market wises up. They are still gaming an ammo shortage so we are probably good lol.
Anyway, if your DEC put sell gets in trouble and you don't want o be exercised consider rolling it forward to JAN and collect 2-4% more premium at the same strike. I've traded over 40 VSTO options and never had to do this but just in case, I know it will work. They sell plenty more than bullets and next spring will be hopping as we re-open again. First QTR 22 could be less amazing but that's a wild guess.
If VSTO gets hit I will be selling JAN 35 puts. Strike 35s because I don't really need more shares. I have done that plenty of times on dips and they never get anywhere near being exercised.
Since we are VSTO buddies
thought I would let you know. Smith and Wesson just blew revenues by about 10%. Ruger may or may not be next. As we know VSTO doesn't sell guns but they used to and get they still sucked into the industry results every time until the market wises up. They are still gaming an ammo shortage so we are probably good lol. Anyway, if your DEC put sell gets in trouble and you don't want o be exercised consider rolling it forward to JAN and collect 2-4% more premium at the same strike. I've traded over 40 VSTO options and never had to do this but just in case, I know it will work. They sell plenty more than bullets and next spring will be hopping as we re-open again. First QTR 22 could be less amazing but that's a wild guess.
If VSTO gets hit I will be selling JAN 35 puts. Strike 35s because I don't really need more shares.
I have done that plenty of times on dips and they never get anywhere near being exercised.