I’m in a little bit of a rush so I’ll have to make this short. Today’s St Patrick’s Day and I have a bunch of Firemen waiting for me. I just sold 30 3/24/17 $36.50 RH Naked Calls. I’ve been watching the stock and it’s been on a huge run. I’m hoping for a little pull-back. This is a Naked Call so it gets a Risk Factor 5. Here’s the order:
Sell to Open 30 RH 3/24/17 $36.50 C @ 80¢ (+$2400)
I’m getting a bit of a jump on next week. Watch for my weekly report. Have a great St Patty’s Day. Be careful!
Steve
The Options Coach