-$530 Loss
ROKULong Option
burrellc0354

Entry comments: This is a 135/160/185 Call Butterfly the entry cost is 5.30(530.00) max reward of 19.70(1970.00) at expiration. This trade is profitable between the prices of 136-184 I say this because any thing more or less by $1.00 then it will be a scratch. Will Not Hold through earinings on NOV6, My max risk is $530.00 and will exit at $265.00 being a 50% Loss, Management to the up side ROKU has overhead resistance at 145.00 and 160.00 If it breaks 160 before expiration I will exit.

Exit comments: I broke my rules on this one and held through earnings, Stupid as stupid does! Great learning curve, sometimes you need to loose to learn how to win.

000
DatePrice
Entry10/18/20195.30
Exit11/8/20190.00
  • Total Views128
  • Position Size1
  • Percentage-100%
  • Option TypeCALL
  • Strike
  • Expiration11/15/2019
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