Sell to Close Chemours (NYSE: CC) July Call and Roll Into October Options
Sell to close the July 20, 2018 call on The Chemours Company (NYSE: CC) with a strike price of $50 at $.40 or higher. Symbol (CC180720C50)
See the separate trade alert that I have issued which basically “rolls” the option into one with an October expiration date via a new purchase.
I think investors have sold off Chemours’ stock in the face of trade tariff fears, which while I believe are irrational, make it nearly impossible for us to recoup these losses in the calls which expire in July.
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JL
Closed CC at $0.39 and rolled into October at $2.41. Thank you, Linda.
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Daniel Long
Closed CC Jul20 C50 at 0.35 at Fidelity.
Thanks for the warning.
DL
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ETKTRIDE
CC – Closed at $.40 (IB)
Win some you lose some!
Linda McDonough
Working on winning more than losing and hopefully bigger gains with the winners than losses with the losers! These options can be very tough.
Best,
Linda
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Stanley Golovac
Linda why is SYX. Tanking?
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Sydnee & Howard
Perhaps I missed recommendation for CC if we own the stock? You still hold it in the portfolio with a Buy.
Linda McDonough
Sydnee and Howard,
Yes, I still have Chemours (NYSE: CC) as a recommended stock in the portfolio. For subscribers looking for options trades, I suggested selling the July calls, which expire fairly soon and buying the October calls.
Let me know if that makes sense or if you have any other questions.
Best,
Linda
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