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.

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