jumped on this one. Sold covered calls at $36, they expire Friday (the 24th), at $3.36. Shares are trading around $35.90.
P.S. I hit submit too quick. Earnings today at 5 PM Eastern
Ouch! Up over 14% post-market.
Yep, the option traders were on the right side of the trade on that one, it looks like. But I'm content, I expect to come out of this with a great trade (just not as good as if I had only bought shares).
For what its worth...I bought back the 9/24 $36 calls and replaced with 10/8 $36 calls, for a decent profit of 60 cents. Did it as one trade, on Ameritrade. SFIX earnings report was pretty impressive. I'll be drinking Hendricks instead of Beefeater.
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