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If they go back up. As far as I see, that will happen if they don't go bankrupt.

One thing is for sure: Airlines will return. They provide an essential service for the world.

After looking at it more, I should buy the call. Not sell the put. Is my current thinking correct? That as the price of the stock rises, the value of the put option will decrease. Therefore, my only way to offset my sale of the put is to buy the put (which will have lost value if my prediction...

If I sell at a high enough price, there is very little chance they will expire worthless. Do you agree?

Aside from the foolish oil futures trade where I held over the weekend... I'm up about $11,000 in the past week.

I'm not betting that the stock will be $45. If that's what happens, then my prediction was wrong. I'm thinking it will be more like $55 by then. In any event, I believe it's a relatively safe bet that it will be higher than it is today in November.

No I wouldn't be okay at $45. I thought it was a safe bet that it would be above present levels by November. I chose to sell put instead of buy call for the premium advantage, but that's not the main reason for the prediction. That's just an added bonus. The main reason is because I think the...

I was thinking selling something higher. Selling a put is a bullish prediction.

Yea maybe I'm too late. Wouldn't I want to sell calls at a higher price, though?

What do you think? I believe KO (Coca-Cola) is a great example of a company who's stock has been hit hard by the corona crisis without any actual damage to the company long-term. Things should be back to normal by November.

Yea I get it. Especially when many of them are either redundant or opposites.

But don't many instruments move in tandem with the larger economy? You're never gonna see the Dow drop 10% and the Nasdaq do nothing.

Is that because it's less volatile? I did some reading about contango. But how would that affect me in this case?

It wasn't very well thought out. I wouldn't want to have to hold it at $17 just hoping it will go back up to $45.

I read that if today's meeting didn't go as well as hoped, that's exactly what could happen. That's why I sold. @Overnight

True. I must have had a crystal ball to sell it at 36.12.

I sold my 2 CLV20 at 36.12 for a profit of $5,640. I wish I wouldn't have panicked and sold the 7 CLV20. I lost over $16,000 instead of profiting $14,910!!!

FJ started this morning at just 98.8 after going as high as 99.6 last night!

Check this out. The CLV20 is actually higher. I bought at average of 33.3. They put 34.01 because they're using an offset from a previous purchase.

If so, I believe it would be temporary.