I bought 1000 Shares of RH yesterday at $105.99. I was trying to get a Call sold but it didn’t happen. This morning the stock opened moving up. Today is Friday and I have to leave my office early to coach a high school basketball game. The stock hit $108 and hung there a little while. It backed off a little and I sold at $107.75. It’s a great 1 day trade, I locked in a profit of $1760. I’ll take it! In the mattress it goes!
12/7/17 – Buy1000 Shares RH @ $105.99
12/8/17 – Sell 1000 Shares RH @ $107.75
Profit +$1760
After I sold, the stock continued up and as I write it’s at $108.30. In this game you can never count on making the max on every trade, exiting at the perfect time. RH it at an all time high and I think before the end of the day it will pull back a little. We’ll see! I’m sure I’ll be back in some time soon. But right now I want to not think about RH over the weekend.
Steve
The Options Coach