The long term LEAPS position on KRE Jan 18, 2019 $55 call was entered about 2 weeks ago as KRE broke out of horizontal resistance of $57.38. But it turned out to be a fake breakout as its price fell back to the consolidation zone in the next day.
A short call Dec 1 $58 was entered to hedge when KRE broke the near term up-trending channel. The price continued to drop and touched the 200 day moving average., where I tried to roll down the short call. But the order could not be filled due to a couple of cents of difference in my limit order.
Today, as the KRE continued to bounce on the 200 DMA support and the bullish MACD histogram and STO, I decided to close the short call for a small profit.
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