Trade Update: PNRA

I closed my PNRA trade at a loss. The last couple weeks have been crazy busy for me so, I wasn’t able to watch my last few trades as closely as I wanted or should.

Here’s a look at how a did:

# Shares or Contracts Purch Price Capital Out Sell Price Capital In Comm & Fees Gain / Loss

% Gain & Loss

2 0.45 90.00 0.05 10.00 10.00 -90.00 -100.00%

My charts for this trade:

130226 PNRA

130313 PNRA

In my previous post, I mentioned how this stock tends to rise the first 2wks of March. If you look at the following chart, the stock did rise those first two weeks. I did not do well in this trade because I did not buy time with my option. Had I purchased a April option instead, time decay would not have been as big of an issue. Lesson learned!

130313 PNRA(2)


2 thoughts on “Trade Update: PNRA

    • Hi, Toni!

      Yes, the result was actually $0. I still would have lost the same amount had I just let it expire compared to my actual exit point.

What do you think? Let me know in the comments!

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s