Our Blackstone Group (BX) Mar Week Two (3/12) 70 Call is in the money and our shares are on track to be called away at a profit.
While some of you may be lamenting missing out on appreciation in the shares, remember that there is no such thing as a foregone profit.
I am happy with how this position worked out. We avoided taking a loss after the stock sold off, rolling the position and exiting with a profit.
Current Stock Price: $73.40
Cost Basis: $69.14
Action: Allow shares to be called away
Profit: $0.86, or $86 per contract