Trip adviser (TRIP) opened at $39.43. I got in the stock at $39.40. It looked like the stock could go up a little but I didn’t like the RSI. A little after the opening I had to be away from my computer for a little while so I entered a “Stop Loss” at $39.30. I just got back to my computer and the stock is lower and my sell order was executed. Last week I did a Covered Call with TRIP. My option expired and I made $400 with the premium but I wasn’t assigned. Today I sold the stock with a $100 loss, I bought for $39.40 and sold at $39.30. With the $400 premium and the $100 loss on the stock sale I’m up $300 on the Covered Call deal. I posted the $400 gain last week and this week I’m posting the $100 loss.
7/19/17 – Buy 1000 Shares TRIP @ $39.40
7/31/17 – Sell 1000 Shares TRIP @ $39.30
Loss -$100
Last week I had a pretty good week but I wasn’t assigned on any of my Covered Calls. Today most of my positions are down and at this point it doesn’t look good to get Calls sold on my stock holdings. I’ll just have to wait and see what happens. This is the problem you can run into when you don’t get assigned.
Steve
The Options Coach