Yep. COST has been climbing steadily: http://stockcharts.com/h-sc/ui?s=cost Not my best choice for a credit spread. I exit these trades when news + chart makes me think the spread might expire ITM. COST has been steadily rising since earnings announcement and credit card switch on or about May 26: http://www.cnbc.com/2016/05/26/this-is-whats-really-driving-costcos-stock-jim-cramer-says.html?__source=yahoo|finance|headline|headline|story&par=yahoo&doc=103668292 (quoted above). I must admit that had I foreseen the continued rise after May 26 I certainly would have exited. But I thought it would fizzle. It hasn't. COST is now at a resistance level set in early April. I have been holding on the theory that it would not pass this resistance point (which also set the original spread parameters). http://finance.yahoo.com/q/co?s=COST+Competitors Sooo...I am at decision point. My broker shows me down $57 per contract. 57/45 = 127%. That's a lot for me. I still think the market needs to pull back. BREXIT tomorrow. I always hate it when I bail and the market turns the next day. I have no fear that I couldn't exit if I wanted to. I almost want to....Tomorrow and the next couple of days will tell.
http://finance.yahoo.com/echarts?s=COST+Interactive#{"range":"1d","allowChartStacking":true} http://stockcharts.com/h-sc/ui?s=cost Standing pat.
If you have something more enlightening to say... say it. I don't see any particularly insightful posts from you. This is an ongoing conversation between myself and optionGuru involving the wisdom of credit spreads... but out.