by Anura Guruge
on April 27, 2023
My luck in life, never great, is not, alas, even what it used to be in the past. More & more I appear to have got the Reverse Midas Touch. My investments never pan out like I was hoping.
Today was a RARE exception.
Big DAY for I. AMZN results, & those that follow this Blog know that I own quite a number of shares {SMILE} & my lifestyle is contingent on those stocks.
This morning, sharp at 9:30am (delaying my morning amble by 30 minutes) I rolled quite a FEW of my CALL options to even withstand a 20% increase in price IF the results proved to be exceptional.
Then at 4pm, having an EARLY lunch for a change I watched the results come in. Saw AMZN spike to $117.
I had been PLANNING to sell a FEW (& I stress FEW) stray shares I had — which were not covered by options. Kind of had a feeling that the $117 might not be there tomorrow. Plus, I was not going to be around tomorrow morning.
So, decided to do my sale after hours (‘extended hours’ as Fidelity calls it).
I, however, didn’t KNOW how to do it!
I had never traded after hours or before hours. I am old fashioned when it comes to trading. So, I had to CALL Fidelity to ask HOW. They, of course, helped me out.
I sold some. Had to be a LIMIT ORDER. I specified $117.
I got $118.15.
Well a BIT of luck.
I will also do OK with the options. I can now roll them down & back. SMILE.
Well, even au unlucky bugger like I deserves a rare break. SMILE. I am happy.
