The current trade with ZAGG ended with the March $10.00 call expiring worthless. Sell The Call still owns the stock. The stock has fallen close to the stop loss (i.e. Code Red) zone.
Right now, the April and May options do not provide enough revenue at the price the stock is currently at to cover the trade costs if the trade goes Code Red. So Sell The Call will simply be holding the stock at this point until either the stock rises providing Sell The Call with the opportunity to sell the April or May call or the stock falls to the stop loss and Sell The Call sells the stock.
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- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains that occur from trades using its material.
- The account does not fully divulge all information (the size of shares bought and calls sold) on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give the size information out. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. THE ACCOUNT WILL NOT MISLEAD READERS TO CREATE A GAIN ON ITS TRADES!
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