CHD moved against me.
music selection: “Heart & Soul” — Huey Lewis & The News
I entered a bull call spread in CHD on 28SEP2020 with 3.80 pricing. I was in the money for safety. Unexpectedly the stock moved more than 11% over a few days putting me well out of the money. With only 11 days left in the trade I felt it unlikely I was going to produce a win and decided to preserve capital.
I sold my 5 spreads for 2.004 a share this morning. I booked a 898 dollar loss (47%) over 44 days. It now looks likely my profit on closed trades for November will be 6,452. That is pretty good considering two trades blew up on me in the same month. I am also hopeful to pick up some more profit by rolling my VXX puts which are now near the money.
Devour your prey raptors!