Yesterday we sold our BBBY 19MAY17 37.50 Call Options for a loss of 31.46% on the trade.
This trade never really got any traction, with the shares stalling at the $40.00 resistance level twice since we bought. Yesterday, with the shares trading below our stop-loss exit price of $39.00, we decided to book our loss and move on.
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Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.