Closed 3 SESN contracts with a max loss, Penalty trade & Dividend Capture with WMB
coveredcalls.reinisfischer.com
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 spread, which was 1 dollar wide.
Closed 3 SESN contracts with a max loss, Penalty trade & Dividend Capture with WMB
Closed 3 SESN contracts with a max loss…
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 spread, which was 1 dollar wide.