Trade Update
On Friday the same story did almost repeat itself. At lunch time the I checked the trade and LVS was trading at around $45.50. With that price I will clearly get called out. If I buy back my short call, I have to pay at least 50 cents. I reminded my self, the goal of the plan is to get called out.
My trading rule #1 is:
My trading rule #1 is:
Plan the trade and trade the plan.
My trading rule #2 is,
If ever in doubt follow rule #1
Shortly before market closing LVS was back to $45.05. Market closing price was $45.02. Now after market is considered as well. Literally it finished at $45.01 at the closing of after market. With that I am getting called out.
The full numbers:
Invested: $4,446
Invested: $4,446
return on call 1 : $45
return on call 2 : $68
capital gain on LVS: $54
Total return: $168
Total return: $168
RoI: $167 or 3.7%
Duration of the trade: 2 weeks.
Of to the next trade.
Of to the next trade.
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