Bought shares at 26.02 and sold the Oct 21st 26.5 call for a 24.86 ($2486) per 100 shares/contract debit.

In this particular case, I'll be looking to take this off for 105% of what I paid to put it on: 1.05 x 2486 = 2610, which should yield about $120/contract in profit. I usually shoot for 110% (or a 10% ROC ), but am just looking to get in and out of the trade in short order if I have a shot at it ... .
Comment: Rolling Oct 21st 26.5 short call to Nov 11th 26.5 short call for a .47 ($47)/contract credit, locking in the profit from this little dip here, as well as further reducing my cost basis in my stock. I ordinarily wait right up until expiration to decide whether to roll, but am rolling here while the price of the underlying is close to my short call strike, as I intend to the hold the position through election uncertainty and the Dec FOMC decision.
Comment: Managing this somewhat aggressively here. Rolling the Nov 11th 26.5 short call to the Nov 18th 26 short call for a .32 ($32) per 100 share/contract credit on this dip. Cost basis now 24.07/share, so if I'm called away at $26, it will yield a profit of $193 per 100 shares/contract (excluding fees/commissions). If the IV in GDX continues to remain high (it was 43.6% as of today's close), I'll continue to roll the short call out if I can get a decent credit to do so.
Comment: Continuing to manage aggressively. Rolling the Nov 18th 26 short call to the Nov 18th 25 short call for a .25 ($25) per 100 shares/contract credit. Cost basis now 23.82/share (excluding fees/comms).
Comment: Onward with aggressive management: rolling the Nov 18th 25 short call to the Nov 18th 24 for a .26 credit.
Trade closed manually: Covering here for a 23.50 credit, resulting in a net loss of .18 ($18) after fees and commissions. I have some other gold/precious metals positions on running into elections (HL and AG), and didn't want to be overweighted in that area if there is a relief rally in equities markets and a flight from risk on assets like gold.
This is great. There are very few options/premium sellers on here to study well and watch how they execute trades. Thanks, NP.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out