Option Investor

Option Writer Portfolio - April

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WFR - If you waited or are waiting for the stock to test the 50 DMA before adjusting the position, then good job. The call adjustment (85/95 Call Credit Spread) is now $0.95 per contract instead of $0.70 and the put adjustment (70/75 Put Debit Spread) is now $1.60 per contract rather than the $1.95 yesterday. Patience would gain you a total of $0.60. However, the stock dipped down about a point right after the I sent the post. So I was right for about an hour.

The current position summary is below.

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