RGLD position closed

#Earnings #Gold This was an earnings trade gone bad… assigned with an 85.00 cost basis back in August, stock dropped to 60 a couple times… finally put a trail stop on it and the final batch closed today. I don’t tend to wait forever for recovery on these assignments. My mistake was not putting stops on the stock at the beginning, since it did recover into profit territory briefly. Dividends and covered calls brought my cost basis down to the high 70’s… average stock sale around 69.00.