Alan answers a question from Scott of Los Angeles, CA. Scott asks, “At the beginning of a contract period you sell a $40 out-of-the-money call after purchasing the stock for $38. The stock goes up quickly within a few days with 25 days left in the period. Say the stock is now trading at $41,50, how do you know if you will get assigned or not early in the period, and how far up does a stock have to go up early in the period before it will likely be assigned?”
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Alan and the BCI team
***Barry and I along with a few team members are leaving for Las Vegas early tomorrow morning. We’ll catch up on emails and comments we can’t get to this weekend, next week.
Running list stocks in the news: LULU:
On 9-7, LULU (maker of athletic apparel) reported a 2nd quarter earnings surprise of 16.1%. Earnings rose 30.8 year-to-year while revenues increased by 33% and operating income increased by 18%. ALL 14 analysts raised guidance. LULU has a trailing return on equity (ROE) of 35.1% compared to its industry peers’ 13.6% and boasts a long-term earnings growth rate of 29%.
Alan and the BCI team