Less than a month ago an investor emailed asking for some ideas on repairing his position in Deckers Stock (DECK). At that time the investor had ended up holding 200 shares of the stock at $150, had sold 2 covered calls in-the-money at the $125 call strike and was trying to figure out how to turn the trade around to make a profit.
On Friday May 23, Deckers Stock (DECK) collapsed again, falling almost 20% for a stunning loss of $25.04 to close at $101.05 as investors raced to exit positions in the stock. With a second collapse now having taken place, this article looks at further steps that can be done to continuing to earn profits to reduce the cost of the original trade.
This article is from the series Become A Better Investor. It is for FullyInformed.com members.
This strategy article is for FullyInformed Members.
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