Today I bought back the SEPT 500 GOOG calls for $0.50/share as was my original intention when I set up the trade plan. I did not expect the trade to work out so quickly but it has paid off 80% profits in only 5 days!
I was contemplating selling a lower strike price after closing the 500s so I could collect more premium, but I've decided to hold off on that until I have a better indication of the market and where Google might go. In addition, I don't want to trade the same stock consecutively as it is one of my trading rules. I will wait and re-enter if needed. But not today!
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