Stop Loss Alert for DRN

DRN appeared to be weathering the storm, but even the strong can only handle so much.

Yesterday’s price action dropped DRN triggered a trading stop, which means it is time to buy back the outstanding calls and liquidate the underlying position.  It is a difficult thing to do, as today is option expiration, and I had planned to let my DRN calls expire and then sell them outright on Monday.

Maybe the markets will open strong, and I’ll be able to sell some in-the-money calls and generate a little cashflow on my way out.


About T. Knight
Blogging about my journey to financial independence via investing for cashflow.

One Response to Stop Loss Alert for DRN

  1. Pingback: Stop Loss Alert for DRN « Investing for Cashflow | Cash Flow

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: