Shared by
tombro
Pullback short to 20 DMA, Stock at 6.45
Stop 6.57 or Wednesday if it hasn't moved
01-06-2015 UpDate - Stopped out
Stock tanked after getting stopped out and the option had a High of .45 and closed 36bid-.39 ask
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-01-05 11:48:49 | JAN 15 6.5 PUT | buy | $0.3900 | long |
| 2015-01-06 10:09:52 | JAN 15 6.5 PUT | sell | $0.3300 | 0 |
Comments
tombro
Hi Peter, I don't do a lot right now, I used to do more, but frankly was not great at it. One of the things I like so much about this class is that it has really got me thinking about, and thinking through what kind of trades feel right to me. And as for options, the simpler strategies like buying calls or puts, or vertical spreads, because of the directional nature of those trades feel better.
I got stopped out of this today (Tuesday) for a 20% loss, I closed the GPRO trade today too for a 30% gain, both obviously tiny positions. I'm just working on getting repetitions.
Gee I'm glad I got stopped out, I just saw JCP hit $7.90 in the afterhours.Haha!
pstark89
They just came out with same store sales for December. Personally I think it's a blip but you can't fight the chart.
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Tom -- I see your thinking with this. Do you do a lot of options plays? Just curious.