Well the other day (Monday), I was profitable for my trade (STOJQ7) where I used 7.5 cents to buy the option – my breakeven was 17cents (because of the cost to open and close the trade) and it was valued at 20c, but I thought, hmmm, I entered the trade thinking that it could move strongly and targetting a profit of 3 x my risk, and protect my other holding (Covered Call STOJY7 which I sold for 85c), so OK, I thought, I’d just leave it.
The next day, the stock fell a little bit and yanked a lot of value from STOJQ7 trade.
Yeah, that didn’t feel good. Shall I attempt an explanation — nahhhh, it will just mess up my head and yours. But still, I’m smiling, because overall, I am still profitable for the two positions. Check out the statement — just to show you, this is how you maintain your sanity in the market. And yes, still having guilty pleasures.
Two Trading Positions
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