On October 29, 2021, I closed a credit spread on VIAC stock I originally established at the end of September.
Sold 1 Credit Spread on VIAC – 0.64% potential income return in 31 days
Since establishing this credit spread with strike prices of $39 (short) and $38 (long), the stock prices have only dropped and today it broke under the $36.
Now, not willing to take an assignment on this stock, I decided to close this contract with a max loss
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.