Teva Pharmaceutical Industries Ltd (TEVA)

[JLS]

Those Calls were assigned.

Therefore, bought back TEVA shares today within two accounts. All in. Had to settle for getting the shares between $10.20 and $10.34, but would have preferred $10 or lower, but the stock couldn't stay there long enough for me to do that in two accounts. I wanted that so I could sell (a little later as the stock tries to rise) this week's $10 Calls.

It's often pretty difficult to trade both stock and options in two accounts and within the same small time frame get the best prices on the stock then follow that by waiting for awhile then selling Calls in two accounts while the stock is trading a little higher, and at the same time get good prices for those while most of the market it dropping but the stock of interest is not dropping as all this is going on. If that sounds like a pretzel trade, that's because that's what it was.

I probably shouldn't complain because, despite the dropping market, TEVA (at least for now) wants to go higher. So my plans changed and I sold the $10.50 Calls for this Friday. Those averaged a little over $0.18. But I would have preferred selling the $10 Call and getting nearly $0.50 for those.