I rolled my losing bear call spread on BABA forward to a new expiration, the short leg of my diagonal on NXPI to a different strike price with the same expiration and the short leg of my diagonal on NFLX to a new expiration and strike.
I exited the short legs of my ASML and GM diagonal spread sand shall roll them forward when I see a market bounce.
I also exited the short leg of my covered call on BX and shall not roll it forward. I'm intending to exit the BX stock soon in order to free up funds. (Covered calls are expensive to maintain compared to all-options spreads, such as diagonals.)
References
Tradecraft: Playing the odds to build winning stock market trades from options, a description of how I trade, can be read here.
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Disclaimer
Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.License
All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Based on a work at www.timbovee.com.
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