I closed this put which was limiting my loss on my 200 shares of CML to $122x2 or $244. I closed this Jan 22.50 put which I bought for 4.04 at a small loss for $3.90 to open a Jan 20 put on the same stock. This lowered my break-even but increased my risk from 5% to 10%. I would not do this again unless I had already taken some profits by selling some covered calls against my 200 shares of stock.
xnrog > Trade Notes
|
|
xnrog: Trade Notes
CommentsFollow comments
The above content is provided for educational and informational purposes only, does not constitute a
recommendation to enter in any of the securities transactions or to engage in any of the investment
strategies presented in such content, and does not represent the opinions of TradeKing or its employees.
TradeKing provides self-directed investors with discount brokerage services, and does not make
recommendations or offer investment advice. You alone are responsible for evaluating the merits and risks
associated with the use of our systems, services or products. All investments involve risk, losses may
exceed the principal invested, and the past performance of a security, industry, sector, market, or
financial product does not guarantee future results or returns. Your use of the TradeKing Trader Network is
conditioned to your acceptance of all TradeKing
Disclosures and
of the
TradeKing Trader Network Terms of Service. 2007-2009 TradeKing.
|
|||||||||||||||||||||||||||||||||||||||