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.
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Snider Advisors makes no representation that the information and opinions expressed are accurate, complete or current. The opinions expressed should not be construed as financial, legal, tax, or other advice and are provided for informational purposes only.