thomberg1201 7:12 am on Friday, September 28, 2018
Tags: Assignment ( 174 ), Fuzzy ( 414 )

#assignment WDC Early July I…

#assignment WDC
Early July I sold a 75 put, rolled it on the way down to Oct., assigned last night, basis of 73.70 grrrr

thomberg1201 8:12 am on Friday, September 28, 2018

Sold Oct. 63.50 call for .22
hcgdavis 10:23 am on Friday, September 28, 2018

WDC dropped big. I converted to call #fuzzy and am working cost basis down that way. Started out with cost basis of 18.15 or so and after 4-5 weeks dropped that to 15.41. That includes the cost of the loss on selling the stock.

Seems like a decent way to manage losing trades.
- thomberg1201 10:28 am on Friday, September 28, 2018
  
  It does, I’ll try that next time a short put goes way in the money-thanks