The account has taken its first loss. The decision has been made to move forward and find a more profitable trade rather than wait for something positive to happen to the stock.
The account is premised on finding stocks to sell calls and not to invest into a company's stock. By selling, this continues the mission.
The full report on the stock will be written later this week.
- As always, the account does not fully divulge information on companies that have open trades. This is to protect the trade. When the trade on a particular stock ends, the account 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 the account will answer them the best way possible can without endangering the trade. If you have any info regarding call selling, be sure to comment or send an email.