There are two weeks left until the call option on the current trade expires. Currently, the trade is still over 10% in the money.
Technically, the stock is holding up at the new level with good volume.
Fundamentally, the company had positive product news. But they have yet to announce their earnings. The account would feel a whole lot better if the company would announce when they are going to release earnings.
So, with ten trading days left, the account is researching new stocks to invest in. If the stock dips below the strike price, there will be a chance the account will pick up more shares sell more calls in future months.
- This information is not to be used as a recommendation to buy or sell. It is simply information (and sometimes opinions) given to the reader of this blog. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains occurred from trades that use its material.
- The account does not fully divulge all information on open trades. This is for protection of 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, etc.) 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.