Seeking Alpha
  • Boatyzaffa
    BTO ten $GM weekly 34.50 puts @ 0.25
    7/9/13
    Reply (10)
    • Boatyzaffa: Total risk: $250
      7/9/13
    • Boatyzaffa: (Going Van Tharp here and will define my R-multiple) Worst case scenario, currently, I lose $250 on this trade; however, 1R=$130, therefore
      7/9/13
    • Boatyzaffa: BTO 500 shares @ 34.74
      7/9/13
    • Boatyzaffa: I intend to risk $130. If I am able to close this trade out for a profit above $130 the strategy will lead to profitability in the long-run
      7/9/13
    • Boatyzaffa: Great book,Trade Your Way to Financial Freedom.If ur Interested in learning more about R-multiples click here http://bit.ly/1a8yp3I
      7/9/13
    • Boatyzaffa: Here is Van Tharp's R-multiple and position sizing game simulation http://bit.ly/12VLf3r great simulation for R-multiple portfolio
      7/9/13
    • Boatyzaffa: STC 500 shares of $GM @ 34.92
      7/9/13
    • Boatyzaffa: Risk on trade: $160
      7/9/13
    • Boatyzaffa: STC the ten puts @ 0.17
      7/9/13
    • Boatyzaffa: Profit onstocks $90. Loss on put options -$80. Total Profit on trade $10 xcommissions. This was a day trade... dont want 2 hold putsovernit
      7/9/13