+$138 Second chance at AAL today. Options and stock. I took the short shares to help fund some error in the options trade. I covered the shares to give myself some breathing room with the options. Immediately after the stock bounced and I had to sell the options for breakeven. There are two ways to trade in the market. 1) manage the trade so that you don't lose any money (which is what I did here) 2) Hold the trade until you become profitable. Obviously I could have gained more by holding.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-01 10:45:00 | AAL | sell | $48.260 | short |
2014-12-01 10:47:00 | DEC05 14 46 PUT | buy | $0.3200 | long |
2014-12-01 10:55:00 | AAL | buy | $47.770 | 0 |
2014-12-01 11:22:00 | DEC05 14 46 PUT | sell | $0.3300 | 0 |
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