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Loser: 64.52% Loss On COH Call Options

|Includes: Tapestry, Inc. (TPR)

On October 20 we sold our COH 20OCT17 40 Call Options for a loss of 64.52% on the trade.

We went LONG on September 26.

This trade was a loser from the day we entered - the shares moved sideways but without breaking our stop-loss exit signal. Nonetheless, the value of the options melted away as time passed - we should have never have held on for so long. Lesson learned.  

Real-time trade alerts are available via our service ChartMasterPro.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.