Sold DECK bull call spread for a loss.
DECK (Deckers Outdoor) was moving against the broad market and was out of the money for me. I sold today. On 9AUG2021 I bought, 8 bull call spreads of DECK at the 420/430 strikes and 17SEP2021 expiry for 5.65 a share. I sold today for 2.45 a share.
I booked a loss of 2,560 (56.6%) over 25 days. The sale raised 1,960 in cash.
My September was previously pacing for profits over 11,000. CBOE was assigned early on the ex-div date moving 1,155 in profits to August. I have four positions with 17SEP expiry left and they all in the money (TE Connectivity is threatened).
Should current prices hold for another 15 days, I will book 5,441 in profit for the month of September.
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