Notes: High 30-day at 63.7%. Going with the 17 delta strike in April. 2.79% ROC at max; 22.6% annualized as a function of notional risk. Will take profit on approaching worthless or take assignment/sell call against or roll if in-the-money toward expiry (whichever pays most).
Tan will grow long term, now is a good buy in price at $80's range.
NaughtyPines
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@BarronTrump, Possibly. A short put is acquisitional, so if price is below 80 at expiry, I will pick up a one lot for 80/share with cost basis of 80.00 - the credit received (2.31) or 77.69/share.