To finish up with my posts on the last Robot Long call -- I will need to update you on what I did last week.

As we all did - I got stop out on the IWM stock @ 71.02, the short call 74 Dec were trading 7ct when I closed those.

All in all $2.12 loss on the stock.
and $2.31 profit on the options.

I was of course not looking for 19ct profit - as we all I was looking for the start of the xmas rally. But overall a little profit for a trade that did not work out is great.

For me this is one of the reason why I like to trade options when I engage in a direction trade.
It allows me to express myself in a more diversified way then just long or short.

To me it is important to always sell options or (kind of) never sell options on long stock. If you do it once in awhile you run the risk of have asymmetric results. You sold options when the stock really runs upwards and you limited your upside potential and you did not sell options when the trade falls apart giving you an outsize loss.

Ernst