I was watching RH very closely and it was moving horizontally, bouncing off the 50 day moving average to it’s north. It pierced the 50 day MA and it looked like it was going to move up so I bought 500 shares to cover my 5 contract Call. I feel better now so I don’t have to watch it like a hawk. I bought 500 shares at $104.25. These shares cover my 5 contract $105 Call. The Call was a Risk Factor 5 but now that it’s covered I move the Covered Call to a Risk Factor 1.
Buy 500 Shares RH @ $104.25
Steve
The Options Coach