Aug. 21 at 9:10 PM
$GT Near end of day, I closed out 18,500 of these @
$5.975 near the
$6 Max-Pain, locking up about
$3K in gains. This left me with only 6k shares heading into next week.
However, about that same time, I also sold 200 Sep
$6 puts @
$0.32... which would net me an additional 20,000 shares at an (amazing?) cost basis of only
$5.68, should it play out that way. If stock closes above
$6 instead, then I'll collect
$6,400 in premiums for my troubles.
So, a little bit of everything. But basically took most profitable shares off the table in exchange for
$6,400 in premiums (or a lower stock price) next month. #FeedMe
Below is one of the four accounts, showing yesterdays buy, todays sell, and the selling of Sep puts. 💋
