I’m very happy to see Alcoa gap up today. We have been working a long position in this stock ever since we sold the credit put spread and got assigned the shares. After you have sold the October 45 calls, the adjusted cost basis for the long position will be close to $39 per share. This will put us in a very nice position that will only get better from here.
Please see the attached PDF file and have a great trading day.
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