From the members forum, an investor, Howard who trades from Australia wonders about repair ideas for his United Health Group Stock (UNH) Covered Calls trade.
The investor was holding short put contracts when he was assigned stock well above where the shares were then trading. He subsequently sold covered calls a number of times trying to figure out how best to handle the trade since it is using almost all of his available capital.
This article looks at 3 ideas which can be applied to this covered calls trade to repair it and get the portfolio back working again, while recovering any losses taken.
This strategy discussion article is for FullyInformed Members.
Repair United Health Group Stock (UNH) Covered Calls Trade
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.