The account just added capital to the account. This will help increase the number of trades that can be made in the future.
The current trade is likely to expire next Friday. That means the option will expire and the account will be left with the shares alone. Right now that is a good situation because the shares are trading in a position that still leaves the account with a profit even though it did not surpass the strike price. I am looking at the following month's options to sell. This will provide more income to the account.
- As always, I do not fully divulge information on companies that have trades open. This is to protect the trade. When the trade on a particular stock ends, I will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info) that sort of thing. Please feel free to ask questions and I will answer them the best I can without endangering the trade.