RE:RE:Opportunity City - Sell this Pig!!the interesting part will be to watch at what point the remaining 2022 hedges are totally discounted by the market as being immaterial....
The forward futures curve to next March are still over $8 and are over $5 to Feb 2024 ...as each month with hedges slips by that will feed ever stronger into a unhedged share price which, as a result, should start rising a lot faster now into the ends of Q2.
Some may recall I liked to sell off covered calls in the past due to expectation of slow share price increases..no longer..too dangerous now and risk/reward isnt worth it anymore..fully expect $22 before end of June and we hit $24-25 in July.