Man, Sears is really struggling these days! Frankly, with things as bleak as they are, it wouldn't surprise me to see some big changes in the near future - perhaps we'll see significant store closings, or maybe a large real estate transaction. Your guess is as good as mine.
So, with their stock in the mid-30's, I figured it was time to swap out the common and add some options! Specifically, I sold my 400 shares at $34.25 (for total proceeds of $13,698). I then bought 15 SHLD Jan 2016 $60 contracts at $4.40 (for a total outlay of $6,607). Wish me luck!
Questions? Comments? Email mevsemt@gmail.com.
