Remark Holding (MARK) has been on my watch list for a while. Today there is a large amount of unusual option activity. I just bought 1000 shares of the stock at $2.30. This 1000 shares cost me $2300. I placed an order to sell 10 1/15/21 $2.50 Calls for a premium of 15¢. I let you know when I get filled. This can be a great Grasshopper low cost trade. I made this trade for “The Grasshopper Field.”
Buy 1000 Shares Mark @ $2.30
If the stock pulls back I’ll make a decision to wait until tomorrow or lower my premium to around 13¢.
Successful trading,
Steve
The Options Coach