Last night, I looked at closing prices for July 20 trade.
The Jan 2018 $97.50 calls sold for $13 are now $10. A $3 profit.
The Jan 2017 $87.50 puts bought at $2.05 are now $5. A $3 profit.
Stock fell $5 from $98 to $93, this defensive option play is up $6.
So,,,, it appears to be working. Remember, you have met $11 tax deferred cash per share in your pocket.
Also, another previous $10 from earlier da Vinci trade and $12 to $20 from Remoir trades.
Today the Jan 2018 $97.50 calls are $10. If you sold $3 profit.
Jan 2017 $97.50 puts are $5 up $3.
Do, $6 profit to date. However, no reason to close either trade
I showed you how you pocket net $11 tax deferred cash but buy A hedge put for $2 with market money.
Someone called me an idiot here.
I said yes the put was probably lost money but necessary. Do not sell that put
or wait until Jan 2019 calls then sell them for $17 to $20 tax deferred cash per share
typo...nothing has changed.
Have a great weekend...
No one should be getting hurt today or next trading day etc
You were hedged down to $93....
these Jan 2018 $110 calls are now below $6...$11 profit.
YOu can do nothing and not pay taxes or close thees out and sell a lower strike price for another $11+
One time SFA was trading at $35 I dreamt $43 ...weeks later CSCO bought SFA at $43
Another BCHE was trading at $18.50 I saw $36.50 on TV ...A month later, BDCH was bought out at $27.50
But the date of this vision, it what makes it special.
No one should be in a bad spot today...no one!