It’s been a long time coming! My “2017 Challenge” is ready for review. As I said many times, the delay was because of my large position with U.S. Steel. After today’s close I no longer own the 10,000 shares! I carried the shares over from 2016 and have been selling Calls for the last 6 weeks. I’ve been looking to get assigned on my shares because I didn’t feel comfortable owning this amount of shares on a very volatile stock. Now that U.S. Steel closed In-th-Money my shares will be assigned at $36. I bought them in December for $35.73. I will go over the profit I made with U.S. Steel when I post my results for this week.
I had my”2017 Challenge” ready since early January but didn’t want to share it until I got out of at least half of my U.S. Steel position. The reason for this is I didn’t want to commit to my challenge, even though I already started until I knew I was out of a possible problem position. 10,000 shares of a very volatile stock could have put me in a bad situation. Now that I’m out, I’m ready to make the commitment to my “2017 Challenge.”
Please hit the link. You might think I’m nuts!
“2017 Challenge”
The challenge already started January 1st and I’m doing great!
Please send me questions or comments!
Follow along all year!
The pressure of this very ballsy challenge is on and I’m up for the it!
Steve
The Options Coach
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