I closed $COST 20240621 850.0

I closed $COST 20240621 850.0 CALL$ ,COST: this is 1st leg of the bear call spread with sell call at $850 and buy call at $855 with max loss of $500 per contract. Took profit for about 50% of maximum premium for these bear call expiring on 21st June. For most of past 2 weeks, COST had been hovering at and above the strike of $850 and as high as $874 therefore guaranteeing this became a losing trade. However in the final minutes of the closing, COST dipped below $850 therefore allowing this losing trade to turn profitable. Took partial profit on these options while letting others run.

COST CALL

06-22 03:02

US20240621 850.0

Side	Price	Realized P&L
Buy Close	3.02	+52.50% Closed

Costco

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Comments

Olga Leonard
06-24
Olga Leonard
So you're still holding the other leg of the options? Why?
KSR
06-23
KSR
👍
Tom Chow
06-23
Tom Chow
good

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