Selling our AFRM call contracts.
Shares of AFRM are weak today after an initial pop following the Fed’s polity meeting yesterday. Speculative stocks are falling out of favor including AFRM.
Thankfully, our spec trading strategy helps to protect our capital by using in-the-money option contracts. These contracts tend to hold a portion of their value even when shares are moving against our trade — giving us a built-in risk management buffer.
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 AFRM January 21st $90 Calls
- Limit $15.20 or more
~~~~~~~ - 14:00 Executed
- Sold AFRM Jan 21st $90 Calls @ $15.44