As I was saying last week, I'm seeking to unload my COF shorts and PG longs this week before expiration. My opportunity came today when PG broke \$52.50 twice but failed to hold it for long. The time decay is eating the premium fast this week, so seeing that it's unlikely PG will make a spike higher now, so I'm unloading my August calls for it.
I bought these calls for \$0.60 last week to hedge my shorts. This amounts to a loss of \$60 + \$15 = \$75.
[caption id="attachment_1696" align="aligncenter" width="500" caption="Proctor & Gamble"][/caption]