Subject: Re: Just sold
I just sold January $430 calls.
Bid on those is $24.50 right now, with the stock around $429.70.

Two possible outcomes. I don't know which I'll get, but it will be whichever one looks worse in January, so I have to be happy with both.

(a) I sell some shares at a net exit price of $454.50
(b) I get a cash return of $24.50 on top of my share returns. You could think of that as lowering my long term breakeven on those underlying shares by that amount, or you could think of it as increasing the rate of return I'm getting on my cash pile, or you could think of it as money for beer and pizza this year.

Jim