I have a Naked Call with Advanced Micro Devices (AMD) which is In-the-Money.
As most know I have a $37.50 Naked Call with AMD. When I first got into the position the stock ran up on me and the Call was In-the-Money when the Call was nearing expiration. Instead of taking a loss I did a Roll Out. The new Call expires Dec 13th. The Call has been In-the-Money and I’m preparing to do another Roll Out.
If you read my last post I said I was gonna curtail my trading for December because of my successful year. I wanted to put some time working on Main Street beats Wall Street. Today I was working on my new section Wealth Builder and not watching the market closely. With the market down, and my eyes off my trading platform, AMD dropped below my Strike Price. My Strike is $37.50 and today’s low for AMD was $37.17. It would have been a great opportunity to buy the stock and Cover my Naked Call. If I bought the stock my losing Naked Call would have been turned into a winner. Oh well! I guess even when I’m not trading I’ll have to watch closer. I still have until Dec 13th. Let’s see what happens.
Any questions, send an email.
Successful trading,
Steve
The Options Coach