The account has just resold the July 5 call. The account did this because of the inaction of the stock after the earnings and conventions makes the account think that the stock will be stagnant past the July options expiration date. It also adds a little more downside protection to the trade. Trade stop losses will be adjusted.
- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions given to the reader. 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. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade.
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