Open Trade
PCXShort Option

Entry comments: PCX trading around $7,70 when I put this on. Gas seems to have bottomed for now and PCX has histrorically not spent a lot of time with a 7 handle. However, I put this on as part of my premium strategy and I was way too aggressive by putting the short put on already ITM. Max profit is 45% of risk and 47% increase to account with a possible 57% worst case account draw down.
Broker:TDAmeritrade
| Date | Price | |
|---|---|---|
| Entry | 2/13/2012 | 0.45 |
- Total Views118
- Position Size6
- Option TypePUT
- Strike
- Expiration3/17/2012
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