Seeking Alpha
  • Boatyzaffa
    BTO 10 $GM 37 calls @ 0.28
    7/15/13
    Reply (5)
    • Boatyzaffa: STC 10 $GMCR 37 calls @ 0.18.
      7/15/13
    • Boatyzaffa: Loss on trade: -$100 (-0.77R)
      7/15/13
    • Boatyzaffa: ***TRADE IS CLOSED***
      7/15/13
    • Boatyzaffa: I traded this loss perfectly by NOT adding to the position as it moved away from the long calls. In the past, I have been impatient
      7/15/13
    • Boatyzaffa: rushing in and hedging the trade with the stock and essentially locking in a loss and adding to the risk on the trade.
      7/15/13