-$1,612 Loss
TGTLong Option
Entry comments: In VirtBrok acct. TGT on weekly charts show sideways/lateral movement and finally broke below $70. Doesn't look like there is a strong upward strength to keep it above $70, so getting in here with 2 PUT contracts. Next major support is $63.
Exit comments: Nearing the end of expiratiion, and TGT is @ $72, still not below $70. Theta loss on contracts eat away at price. Out with big loss.
| Date | Price | |
|---|---|---|
| Entry | 2/9/2016 | 8.60 |
| Exit | 12/21/2016 | 0.54 |
- Total Views271
- Position Size2
- Percentage-93.72%
- Option TypePUT
- Strike70.0
- Expiration1/20/2017
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