Quick Update:

The call portion of our trade closed the day at 4.35 pts, so since we sold it for a combination of 5.5 pts the adjustment is slightly in the money now, note we covered the put for 1 pt already.  Overall this November call is still off .10 which is $5 and then add commissions which I will total when the trade is completely closed for the month.  Being off $5 with a trade that has gone against us for two weeks is a victory!

I’m looking forward to next week and see what the market finds to move it around and in what direction.

 

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