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.
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.
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.
You own 200 shares of JGA at the following prices: $34.28, $30.00, $27.92. It’s Trade Day and JGA is trading at $25.75. You buy your shares and Bundle like a pro. You start to zoom right through your recordkeeping, but when you get to your Band Rule worksheet, you’re stumped. The strike prices on the option chain are in $1 increments: Your current Band Rule Worksheet looks like this:
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.
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.
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.
You just received an email from optionsXpress® letting you know that the $95,000 you moved from a previous employer’s 401(k) into a brand new IRA has finally arrived. You log in to your online account and see that it is indeed ready to go. You’re excited, but you look at the calendar and realize today is Tuesday, May 6th.
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.
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.
