• Boatyzaffa
    BTO ten $GM 35 weekly puts @ 0.57
    7/8/13
    Reply (14)
    • Boatyzaffa: Risk on trade is $570
      7/8/13
    • Boatyzaffa: BTO 500 shares @ 34.95
      7/8/13
    • Boatyzaffa: Risk on trade is $545
      7/8/13
    • Boatyzaffa: STC five 35 puts @ 0.53
      7/8/13
    • Boatyzaffa: Still long 500 shares and 5 puts. Risk on trade: $280 (this includes the $20 loss for closing out five puts)
      7/8/13
    • Boatyzaffa: STC the remaining five puts @ 0.56. Total loss on all puts is $25. I'm still long 500 shares of stock
      7/8/13
    • Boatyzaffa: As I'm attempting to continuously lower my risk, I'm placing a stop on the 500 long stock at 34.42. Approximate risk: $270
      7/8/13
    • Boatyzaffa: if my stop is not reached today I'll exit the trade near the close
      7/8/13
    • Boatyzaffa: moving stop to 34.55. Approximate risk:$225
      7/8/13
    • Boatyzaffa: moving stop to 34.60... approximate risk:$200
      7/8/13
    • Boatyzaffa: stopped out @ 34.58. Total loss: -$210
      7/8/13
    • Boatyzaffa: In looking back at this trade, I believe my loss was due to impatience. The stock's price moved away from my long puts and I locked in a...
      7/9/13
    • Boatyzaffa: loss when I bought 500 shares @ 34.95 (which turned out to be 0.07 off the high) Next time I need to give the stock some room & just cut...
      7/9/13
    • Boatyzaffa: my losses
      7/9/13