-$130 Loss
KORSLong Option
Entry comments: In VirtualBrokers acct. KORS has rallied from February lows back up close to the previous levels near $50. So I getting in with a safe 1 PUT contract, let's see where this goes by August.
Exit comments: Well, this went up much higher way past Aug.2016 and finally now it is below $50 with a week to expiration. With that in mind, theta or time decay as reduced the value of the option contract significantly. Out with a small loss.
| Date | Price | |
|---|---|---|
| Entry | 6/8/2016 | 4.70 |
| Exit | 11/11/2016 | 3.40 |
- Total Views182
- Position Size1
- Percentage-27.66%
- Option TypePUT
- Strike50.0
- Expiration11/18/2016
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