CLOSING: X APRIL 17TH 2 X 14 SHORT CALLS
Updated
... for a total .08 debit and opening the April 18th 11 short call for a .30 credit.
Notes: Now that earnings are in the rear view, continuing to chip away at cost basis. Scratch at 7.65. Unfortunately, the short call is currently below my cost basis if assigned on the 22 shortie (22 -7.65 = 14.35/share) ... .
Notes: Now that earnings are in the rear view, continuing to chip away at cost basis. Scratch at 7.65. Unfortunately, the short call is currently below my cost basis if assigned on the 22 shortie (22 -7.65 = 14.35/share) ... .
Trade active
No way I don't get assigned shares in April. The 11 calls are no bid here, so can't do much but wait for them to expire worthless. In preparation for assignment and covering, selling the May 8's against for .36. Cost basis of 13.99. The 8's are below my cost basis, so this isn't ideal ... .Trade active
Will be assigned shares with a cost basis of 13.99 and covered by the May 8's.Trade active
Continuing to chip away at cost basis here by rolling the May 8's to the June 8's for a .27 credit. Cost basis of 13.72.Trade active
Rolling the June 8's to the October 9's for a .28/contract credit; cost basis of 13.44.Disclaimer
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