Trials and tribulations of my stock trading and investing experiences. Lessons learned, both good and bad...that will hopefully benefit others.
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Showing posts with label covered call. Show all posts
Showing posts with label covered call. Show all posts
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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