Thursday, June 4, 2015

LCI Calls, SWKS Sold

My June LCI calls had more time value than potential to make up the difference in the next two weeks I thought, so I sold them this morning. LCI never recovered from the post-earnings gap down leaving me with a loss, -70.8%. I still have shares, but there's no rush to close the position while LCI is clawing its way back up.

SWKS hit the 6% trailing stop when it gapped down at the open, +8.27%. It's not my intention to trade SWKS given the constant upward revisions to its earnings estimates, but neither is it my intention to watch gains turn into losses. Hopefully I can get back on board at a lower price like the last time.

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