No. of Recommendations: 12
...could mean more limited gains for the stock for the rest of 2024...
Reluctant to sell Calls at today’s price which probably means that’s exactly what action I should take. I’ll probably take the usual course…do nothing. Ha.
Anyone have any thoughts?
Their conclusion seems pretty unremarkable. When valuations are a little above average, the short term returns are likely to be a bit below average. And vice versa.
Doing nothing, as you suggest, is always fine.
The biggest utility of the observation might be for people who were already thinking of selling a bit this year for spending money, meaning that it's probably a slightly better than average moment to do so.
Or people who were planning on adding this year, for whom waiting a wee while might not be a terrible idea. You might not get a better entry later on--the future is uncertain--but it's highly probable.
Jim
