This morning I bought 1000 shares of RH at the open and right at the close I sold the shares. I bought the shares to cover a 10 contract Naked Call because the stock was moving up. At the end of the day I changed my mind about wanting the RH Call covered. The stock has been moving crazy lately and it had another big day today. Looking at the candlestick chart it looks to me like after most big days the stock gives some back the next day. I feel the stock might go down tomorrow so I decided to go Naked on my Call that is 50¢ In-the-Money. Even if it doesn’t go down I think it will go up and down during the day and I think I’ll get a chance to buy it back below my Strike Price. Let’s watch and see what happens tomorrow. Either way I grabbed some nice profit on this “Day Trade.” I bought the 1000 shares for $16.69 and I just sold for $37.90. These trades were both made today so it was a day trade. Here’s the buy and sell orders:
Buy 1000 Shares RH @ $36.69
Sold 1000 Shares RH @ $37.90
Profit +$1210
Tomorrow should be interesting! Will Rh go up or will RH go down?
Steve
The Options Coach
Hi there just wanted to give you a quick heads up.
The text in your post seem to be running off the screen in Ie.
I’m not sure if this is a formatting issue or something to do
with web browser compatibility but I figured I’d post to let you know.
The style and design look great though! Hope you get the
problem resolved soon. Kudos
Hi PM Shay,
Thank you for reading “Main Street beats Wall Street” and thank you for your note. I’m not sure what the problem is but I spoke to many readers and they don’t have a problem. I get all post sent to myself also, which looks good. I will continue to investigate to see if anyone else has the problem you describe. Thanks again, Steve