CLF-Trade Management Recap - Exp Day-What Actually Happened-Assignment

3 years ago
4

CLF-Trade Management Recap - Exp Day-What Actually Happened-Assignment

I was unable to pay attention to the trade for some time during the week, and I forgot that we would need to CLOSE the trade before expiration, else have the SHARES ASSIGNED to us at a $13 strike price - which is what actually occurred....

Lesson-to-be-learned: You need to BE ABLE to pay attention, or HAVE PROTECTION for your position in place.

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