Selling our FB and TSCO call contracts to manage risk.
Both stocks have broken down below support levels. Thankfully, our in-the-money call contracts have continued to hold some of their time premium which helps to mute some of the losses. Plus, our bearish positions continue to perform well so the overall value of our speculative trading account has held up.
Selling these positions will free up cash for new plays and tilt our portfolio of speculative trades towards a modestly bearish balance.
- Selling (to close) our FB May 20th $195 Calls.
- Limit $17.00 or more.
~~~~~~ - 11:27 Executed
- Sold FB May 20th $195 Calls @ $17.00
ALSO
- Selling (to close) our TSCO May 20th $210 Calls.
- Limit $16.50 or more.
~~~~~~ - 11:31 Executed
- Sold TSCO May 20th $210 Calls @ $17.35