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Message: Lac Options: A little circus money

I started buying Western Lithium, now Lac, when it was .33 a share so I'm pretty much way  ahead. But like everyone else here, I'm waiting for the big hit like with Piedmont. But to make a little money with this stock, since there are no dividends, I sell covered options on it. Brings in cash every couple of months. Tomorrow I may buy 1000 shares at the current price and sell a September 17 strike price 20 option at .13 a share. That would be ten contracts and about $130 in my pocket. Like my friend Lee says, $130 is better than a poke in the eye with a sharp stick." When the stock was in the 20s' the option prices were really good and I made some good pocket change.

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