I exited my MGM trade at a loss. Last week, I bought 4 July 15 put options at $0.77. My loss limit was $0.65 and exit point was $1.25. At one point I was half way to my exit point on this trade. I believe I was expecting too much out of this trade/trend. Instead of a 50cent move I should have looked for maybe only 25cents. I did stick to my loss limit so, I did good there!
Here’s a look at how I did:
|# Shares or Contracts||Purch Price||Capital Out||Sell Price||Capital In||Comm & Fees||Gain / Loss||
% Gain & Loss
My charts for this trade: