A Month and then some in Review
There have been a few expirations now for the trade. Today the chart looks like this:
The September call was bought back for 2 cents. The October call gave 22$ of income. On Friday there is a call expiring that gave 54$ of income.
Total $ in the bank since the beginning of the trade is 81+37+22 = 140$. The 54$ are not accounted yet, because it depends on Friday it is determined if I by it back or let it expire.
The price action today and yesterday is not really encouraging, but so far the trading range (cyan) does hold.
The price action today and yesterday is not really encouraging, but so far the trading range (cyan) does hold.
Stay tuned.
Disclosure
I have been beneficially long the shares in KSS and short the call in KSS. I wrote this article myself and it expresses my own views and opinions. I am not receiving any compensation for this. I have no business relation ship with any company whose stock is mentioned in this article.
I am not an investment advisor or professional. This article is my personal opinion and experience and is not meant to be a recommendation of the purchase or sale of a stock or option. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.
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