Sell Steelcase January Calls Before Expiration
Sell to close the January 19, 2018 call on Steelcase with a strike price of $15 at a price of $.45 or higher. Symbol (SCS180119C15).
I hate booking a loss but these calls expire on January 19 and their time value will decay rapidly over the next week.
Steelcase stock is hovering right around $15 so it’s always possible it closes higher by expiration but I’d rather collect some money on these to be put to future use. Unless the stock closes higher than $15 these will expire worthless.
Stock Talk
Edward Getchell
Linda, since in September you recommended both a purchase of Steelcase stock and an option trade, when you decide to exit one of them (the option trade in this case), it would eliminate possible confusion if you would also state you position, hold or sell or any change in targets, etc. for folks, like me, who chose to purchase the stock. Steelcase does appear to be a sell at this point in time.
Ed
Linda McDonough
Ed,
You are absolutely correct. I recommend selling the call option primarily due to its upcoming expiration date. I am still positive on the underlying stock.
This is good advice, thank you. I will be sure to clarify my opinion on the stock vs. the option in future trade alerts.
Best,
Linda
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