Good morning readers! I haven’t made a post is a few days. Last week was a shortened week with the Thanksgiving holiday and I didn’t make one trade. Also I didn’t have any trades coming to a conclusion so there was no results to report.
Yesterday I had to leave my house early but before I did I entered a trade involving RH. As you know I own 1000 shares of RH. I entered a trade to sell 10 contracts of the RH 12/1/17 $102 Calls for a premium of $1.10 ($1100). I was executed on the trade. I don’t know where the stock was at when I was executed because I wasn’t at my computer but when I entered the trade the stock was around $98 and change. When I was away from the computer the stock took off and closed at $102.09. We’ll see what happens this morning but right now I’m In-the-Money.
Sell to Open 10 RH 12/1/17 $102.00 C @ $1.10 (+$1100)
I hope everyone had a great Thanksgiving!
Steve
The Options Coach