Busy morning today with a number of investors who sold naked calls rather than credit call spreads and stocks keep rising. They are in a bit of trouble and two investors were assigned shares at much higher prices locking in losses. I spent much of the morning working with them on starting to repair their trades.
Here is a trade done today which is the start of what could be a larger position.
The rest of this trade alert and ideas article is for FullyInformed Members.
First Trade Alert and Idea for Jul 7 2020
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.