Closed 3 SESN contracts with a max loss, Penalty trade & Dividend Capture with WMB
coveredcalls.reinisfischer.com
Closed 3 SESN contracts with a max loss, Penalty trade & Dividend Capture with WMB
On September 8, 2021, I closed half of the SESN credit spreads with max loss.
A long story short - SESN was trading well above $4 per share about a month ago, but after some negative announcement from the FDA, the stock dropped under $1 per share.
Luckily I was trading credit spreads and not just put options and my max loss was limited to the width of a…
Keep reading with a 7-day free trial
Subscribe to Covered Calls with Reinis Fischer to keep reading this post and get 7 days of free access to the full post archives.