• Boatyzaffa
    BTO ten $GM 36.50 weekly calls @ 0.01; BTO ten 36 weekly puts @ 0.01. Total risk: $20
    7/12/13
    Reply (14)
    • Boatyzaffa: I signed off earlier but can't help myself... you should definitely follow me into this trade. Max risk:$20
      7/12/13
    • Clayton Rulli: I think a similar trade with $BA would be nice
      7/12/13
    • Dr. Kris: How much are the commission charges?
      7/12/13
    • Boatyzaffa: $10 per ten options contract is about average for retail traders. So, yes, technically $40 at risk including commission to open the trade
      7/12/13
    • Clayton Rulli: are you out of that trade?
      7/12/13
    • Boatyzaffa: No, I'm still in it... its just twenty bucks. Clayton you know my style of trading :) Clayton, tell me your style of trading
      7/12/13
    • Boatyzaffa: stop limit order: STO 1,000 shares @ 36.53
      7/12/13
    • Boatyzaffa: GM shares trading at 36.41 currently
      7/12/13
    • Boatyzaffa: cancel stop limit order... new stop limit order: STO 500 shares @ 36.53
      7/12/13
    • Clayton Rulli: i like option spreads but I usually dont day trade
      7/12/13
    • Boatyzaffa: Loss on trade$20, totally worth it, GM reached 36.47 (gotta love them fat tails)
      7/12/13
    • Boatyzaffa: $20 Loss (-0.15R)
      7/12/13
    • Boatyzaffa: ***TRADE IS CLOSED***
      7/12/13
    • Boatyzaffa: RT Commission $20
      7/12/13