My last post I reported the 1000 Naked Call contracts I sold on U.S. Steel. While I was writing that post I had to cover that Call because X was moving fast. I bought 10,000 shares of the stock for $12.18. I really don’t like owning 10,000 shares of this stock. You might think I’m nuts but as the stock was coming down I bailed out and went Naked again. I sold for $20.26. It’s a $.08 gain for $800 but that doesn’t thrill me right now. I want this stock below $20 and stay there. I have a feeling I’ll have my finger on the trigger all week. I got to get back to my trading screen.
Steve
The Options Coach