Today I’m contacting my financial advisor to sell a call on Guardian Healthcare. For those unfamiliar with options any sell orders produce $$’s right away just as if you were going to sell a product while buy options cost you $$ as if you were to purchase this item. The stock is currently trading at $102.9 but has dipped down to $60 6 months ago so I’m probably going to sell a put 3 month option for $80.00. That means that if the stock stays above $80.00 at the end of the 3 months I won’t have to buy it and keep the monies they gave me when I purchased the option it but if it dips below that $80.00 price I will have to buy at $80.00 even if it fell $50.00. Of course I could exercise my option before said date which depending on the cost of the stock (below $80) would cost me $$’s. If this is a bit confusing to you let me give you the simple reason (below) I’m speaking about Guardian Healthcare to my broker.
- It is a top pick on the Motley Fool investment guide which was at the top of my Google Search so it’s in the play. I just hope not as the 2nd word.
- The company is working on breakthrough technology to detect Cancer at the earliest stages and I would love to invest in this success.
- It has a large market to expand in and is the current leader with FDA approval.
- Sometimes it’s fun to gamble.
FOOTNOTE- Please note my financial advisor might lead me down a different path.