Tuesday, April 18, 2023 10:56:59 AM
So much for raising cash with BK. My in-the-money April $45 calls are now out of the money calls. With the horrible earnings announcement of State Street, (STT), an asset managing peer, it didn't matter that BK announced excellent earnings this morning, (up 30% YoY). So for now, I'll hold my shares and wait for them to recover.
Bought to close BK April $45 calls @ 10 cents for 94% gain. This sounds good but now my BK shares are only about 30 cents in positive territory. This is always the risk one takes when selling options to add to profits on a planned exit - the exit is always delayed. Three day chart below:
Bought to close BK April $45 calls @ 10 cents for 94% gain. This sounds good but now my BK shares are only about 30 cents in positive territory. This is always the risk one takes when selling options to add to profits on a planned exit - the exit is always delayed. Three day chart below:
You never know who's swimming naked until the tide goes out - Warren Buffett
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
