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Thursday, September 24, 2009

YRCW Topping Out

I sold some YRC Worldwide INC (YRCW) in today's pre-market at $6.25. Waiting to see what this stock does going into the weekend. As a reminder I did sell a Oct $5.00 covered call for only $0.45, so I'm somewhat happy it has pulled back on that front, but I still have some stock just hanging around, so I guess I'm somewhat covered on both fronts to a degree. Looking at a yearly chart, it did find resistance around the low/mid $6.00 just like it did towards the end of 2008 and April 2009.

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