CLOSING: X APRIL 17TH 2 X 14 SHORT CALLS

... for a total .08 debit and opening the April 18th 11 short call for a .30 credit.

Notes: Now that earnings are in the rear view, continuing to chip away at cost basis. Scratch at 7.65. Unfortunately, the short call is currently below my cost basis if assigned on the 22 shortie (22 -7.65 = 14.35/share) ... .

Dagangan aktif:

No way I don't get assigned shares in April. The 11 calls are no bid here, so can't do much but wait for them to expire worthless. In preparation for assignment and covering, selling the May 8's against for .36. Cost basis of 13.99. The 8's are below my cost basis, so this isn't ideal ... .

Dagangan aktif:

Will be assigned shares with a cost basis of 13.99 and covered by the May 8's.

Dagangan aktif:

Continuing to chip away at cost basis here by rolling the May 8's to the June 8's for a .27 credit. Cost basis of 13.72.

Dagangan aktif:

Rolling the June 8's to the October 9's for a .28/contract credit; cost basis of 13.44.