Sold EL for a small loss.

music selection:  “Don’t Give Up” — White Lion

On 20JUL2021, I opened a bull call spread in EL at the 310/320 strikes.  The position was set to expire Friday and had become threatened, just 14 cents in the money.  With the market trending down the last couple days, I decided to trim my risk and sell at a small loss.  I got in at 6.5486 and got out today at a little more than 5.78.  I booked a 535 dollar loss on 4,584 capital at risk over 30 days.  That is an 11.7% loss.

I have three additional spreads expiring Friday and they all look safely in the money, with most threatened 3.04% in the money.  Should that hold, I will book 10,388 in trading profits for the month of August.

Devour your prey raptors!

Reduce risk Estee Lauder (EL)

Never miss another opportunity to devour prey!

2 thoughts on “Reduce risk Estee Lauder (EL)

  • August 23, 2021 at 9:08 pm

    As it turns out, you were right about the direction on EL. That should give you confidence.


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