New Trade: PSA

I’m actually waiting for this one to rise. But since my charts indicated an entry for a move to the downside, I figured I’d take advantage of the decline in the market. I bought 20 July 145 put options at $2.90. My loss limit was $2.45 and exit point was $3.70.

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

20 2.90 5,800.00 3.70 7,400.00 40.00 1,560.00 26.9%

My charts for this trade:

130516 WFM

Screen Shot 2013-06-18 at 8.07.12 AM


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