For anyone who wants to own shares of BP, I think this is a good level. Getting exercised at $36 and buying again at $32 would not be a terrible thing. Let's see how she moves!
Are you saying with the stock at $36.03, we should try at Aug Put Sale for $36 strike? Or was the above a mis-print since you have drawn a line at $32? In my case, I am VERY bullish on BP long term, and would do BP Put Sell at any price, but having done many BP Put Sells in the past, I would do it at $34 or $33 and go out 30 days or 60 days to capture the depleting time value. Keep in mind the USD is going up so oil is coming down, and BP will come down with it, so keep the powder dry to buy the stock if USD keeps on rolling forward.......
Reallifetrading
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No. I was mentioning MANY bought around the $30 ish area and got exercised on covered calls at $36. Now looking to get back in, the $32 level would be a great place for it to occur. :) And, I like your $33 and $34 level for sure. I'm glad you have experience with this strategy! Keep me posted on how yours ends up! :)