This post is just a quick update on a transaction I made today.
As you'll recall, I trimmed my Sears position (by selling Jan 2013 $95 calls) earlier this year. However, the last month or so has not been kind to the stock (it's fallen from the mid-80's to the high 50's), and I figured I'd use this pullback as an opportunity to add to my position. Specifically, I purchased 10 Jan 2014 $85 LEAPS at $4.35 per contract, for a total outlay of $4,362.
Questions? Comments? Email mevsemt@gmail.com
