Working overtime as usual…
As a reminder, one of our current trades for our Weekly Wrap was stopped out late this afternoon as our Hard Stop was triggered on the other half of the HRB call option trade. We made a decent double-digit profit and the company will be reporting earnings on Thursday.
If you are still in the position, please plan accordingly as there could be a major move once the news is released, good or bad. We will keep the stock on our Watch List for another possible entry point but for now we are out.
Our Weekly Wrap Closed Trade Track Record for 2014 is 10-2 (95-9, or 91% win rate, overall since the start of 2011).
Tags: covered call trading