A Week in Review
Friday's call expired worthless. It was so far out of the money, that I just sold another call, without closing the 11/4 call out. Now this can be risky. If an announcement would come out after hours, that KSS gets called out for 50$/share. I am short 100 shares and have to by them back for 50$.
I sold the Nov-18, 31 call for 33 cents.
With that being said, I got to keep the 54$ from the last option sale. Over all return since September 9th is $194. That is a return of 6.33% ($194/$3065).
Looking forward
Next expiration is 2 weeks from now. Till then I will just check. Also there is earnings coming up at expiration. So next week, this trade may require some attention.
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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