Subject: Re: Long-dated calls
It just did work. On 26./27.March I sold Jan15´$27 $490 puts for $34.90 and $480´s for $35.85. I just bought them back for 18% respectively 31% less. Not intended but as I said "not too shabby".

Not at all shabby!

Now that buybacks are back on the table, we discussed (here and/or on MF) the idea of a "floor" on the price of the stock. I bought into that thesis and I entered into a number of bull call spreads, the nearest of which is a May 15th, 2026 430/460 BCS with a maximum potential return of 21%. But of course I will dispose of it at a slightly lower return given the opportunity (i.e. if my standing order to dispose of it executes between now and May 15th).