Yesterday we sold our AKAM 21MAY17 65 Put Options for a loss of 11.11% on the trade.
Yesterday the stock closed above our revisedstop-loss exit price of $64.00 (original stop-loss was set at $66.50 but revised lower due to price action of shares), so we closed the position. Trading leveraged options without a stop-loss is like sky diving without a parachute.
The current directional allocation for our CMPro Portfolio stands at: LONG 9%, SHORT 9%, CASH 82%.
Real-time trade alerts will be available in our soon to be launched service ChartMasterPro.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.