Selling our OSTK call contracts.
Shares of OSTK only rallied briefly off the recent lows and have started heading lower. Fortunately, our spec trade approach helps to cushion situations like this and the price of our call contracts hasn’t pulled back as much as the underlying stock price.
We’ll close this position today to manage risk. This leaves our model with plenty of available cash for new speculative opportunities in a very dynamic market environment.
- Selling (to close) the OSTK January 21st $70 Calls
- Limit $12.50 or more
- 14:44 Executed
- Sold OSTK Jan 21st $70 Calls @ $12.50