I had 2000 shares of RH until I was assigned this past Friday as the result of an option I sold closing In-the-Money. Yesterday the market was open for the holiday but I wasn’t near my computer, I took the day off. In a very low volume trading day RH was down big. Today the stock is back up and I just bought another 2000 shares. I might have been a little late getting in, but I was writing and wasn’t watching as close as I should have. Anyway, I’m back in now. I bought 2000 shares at $75.08. After I bought it went up to $75.39 and came down a little. As I write it’s at $74.95. I’ll be looking to sell a Call but I’d like to see it up around $76 for a better premium. I’ll post as soon as I get a Call sold.
Buy 2000 Shares RH @ $75.08
Last week I did a Buy-Write on Jetblue because of unusual activity with their options. I sold the $20 Call. Today the stock is up 70¢ to $20.20. I’m hoping the stock continues up and I get assigned. I’m in this trade for the premium and a little on the stock gain. I’m in the stock with 1000 shares at $19.69 and sold 10 contracts for a 45¢ premium. Let’s see what happens!
Steve
The Options Coach