November 13, 2020 - MDT Alert (AA)

I neglected to mention in this morning's update that the short $14.50 call on AA expires today.

AA is trading at $16.24 as I write this. This means that the short $14.50 call is $1.74 in the money and will most likely be assigned today.

And that is what I suggest you do.

Leave the call alone and let the shares be assigned.

The call options will be exercised and your shares will be sold at $14.50.

This will result in a 5.5% return for 8 days.

The cash return if you traded the suggested 500 share lot will be $385.

If AA does pull back intraday and an adjustment needs to be made, you will receive a separate email.

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