Earnings was interesting. It gapped up and then did sell off. The trading range was big on 2/22. High $29.22 and low $26.38 or $2.84 for the trading range. The average trading range over 14 trading days is $1.01. On Friday the market had a big up day. NVDA rocked with their earnings. It lifted the entire market.
Thursday night I already wrote in my trade book, that I need to sell another call on Friday. And then on Friday the closing price was 28.70.
Total return on the trade. $208.87 or 7.51% on invested capital. Total trade duration 4 weeks.
Total return on the trade. $208.87 or 7.51% on invested capital. Total trade duration 4 weeks.
Don't get me wrong. This is a total home run. This does not happen with most of the trades.
In my trading rules, the only exit is getting called out. That means, that I still have some stocks on the books that are down. One reason it is important that the stocks pay dividends. Now they can be cut e.g. WBA or completely suspended e.g. WDC
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