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.

 

Advertisements

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:

WordPress.com Logo

You are commenting using your WordPress.com 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: