We are closing out the June Quarterly expiration month DIA short call
DIA closed at $101.56 on Thursday (6 days to June quarterly expiration)
DIA is priced BELOW its current 14-day EMA (see DIA chart down below)
DIA is trading basically EVEN with its 20-day Bollinger Band SMA
DIA is well BELOW its 50-day simple moving average (see DIA chart)
DIA is trading just BELOW its 200-day simple moving average (see DIA chart)
Relative Strength Indicator (RSI) is turning bearish (See DIA chart)
Moving Average Convergence/Divergence (MACD) is bearish (See DIA chart)

We are closing out all the June Quarterly expiration $106 strike short call contracts for an approx. $600 profit (see tables below)

Gregory Clay

Couch Potato Trader Disclaimer
All results reported in this section are hypothetical. While the numbers represented here may have been achieved or beaten by our readers, we make no representation that any individual investor achieved these exact results. The tracking for the plays listed in this section uses closing prices for the day the newsletter is published and it is not meant to imply that any reader actually received those prices (though many often do) or participated in these recommendations (even though many do). The portfolio represented here is hypothetical and for investment education purposes only. It is only an illustration of what type of gains a knowledgeable trader might receive utilizing these strategies. If you don't get close to these results, guess what. It isn't the fault of the strategies.