ASPS - I don't hold

    Posted by DigiNomad on 15th of Nov 2022 at 01:21 pm

    ASPS - I don't hold stocks, for the most part, but I bought a chunk of this way back when Matt first starting posting about it (feels like years ago). Anyway, I was selling covered calls every month against it and doing just fine (lots of juicy premium to harvest). I finally stopped selling calls against it about 6 weeks ago because it looked primed for a move but also because my cost basis is so low at this point that it's like playing with the houses money. Anyway, good call - I'm up about 40% now, not including premium sales.

    I know this administration will continue to flout the constitution time and time again (in this case not allowing foreclosures, etc, which infringes on property rights, among other rights) but eventually the courts step in an remind them they aren't Kings (like with the recent rulings on student loan forgiveness).  

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