Last month, you had 600 shares of JTC. You were unable to buy shares, because doing so would have violated the Band Rule, but you did sell 7 $50 calls and 1 $40 Band Rule Put. This month, while completing your Sunday Evening Bookkeeping, you realize the Band Rule Put was assigned. You update your Individual Stock Purchase Record and Band Rule Worksheet, which now looks like this:

On Trade Day, JTC is trading at $37.21.

The opinions expressed should not be construed as financial, legal, tax or other advice and are provided for informational purposes only. All investments involve risk including possible loss of principal. Investment objectives, risks and other information are contained in the Snider Investment Method Owner's Manual; read and consider them carefully before investing. More information can be found on our website or by calling 1-888-6SNIDER. Past performance is not indicative of future results.