GDP came out with some funky news about tiered divedends (A,B,C,D...wtf?) and started trading down on this huge green day for the market so I closed these up about 40% rather than risk being assigned. I am also a little worried about the market rolling over between now and September expiry so may as well take profits. In the end it looks like the preferred divy is a positive catalyst.
Wow. Stop triggered after an .80 drop in a matter seconds (see chart). I seriously thought it was a flash crash, there was no bounce and price went down further before any buying took place. Someone must have sold 30 million shares at market? Terrible loss, even worse given that it bounced back and easily went.20 higher than my intial entry...i was building shares at around 55.90 before this happened. Guess I will not use stops anymore even that deep...frustrating to get stop'd like that.