Closed GCI covered call

I've bought back my covered call on GCI and sold the stock. The stock began to turn bearish on the chart, with a pps bdar signal, a six-day decline in the macd, and the sto moving in a day from overbought to oversold.

Although the stock is trading 4.5% above the strike price, getting out for a profit seemed to be the better part of wisdom.


At the time I closed the position, the stock was at $15.72, 3.6% above the purchase price. The option cost 84¢ to buy back, for a 15.5% profit.

Total profit on the position was 64¢, or a 4.2% profit on the whole position.

This illustrates the time-honored trading principle, "Git while the gittin's good."

Here's the initial analysis.
And my post opening the position.

Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic

Topic: Gannett newspapers media