sold short -1 October 20, 2017 $100 put at $1.70
Reasons for placing this trade:
- stock down over 4% post-earnings
- stock was "oversold" (stochastics at the bottom)
- 62% probability of success
- 72 days 'til expiration (DTE)
- nice premium
- On 9/7/2017, the stock hit a low of $96.20 (my short put went in-the-money) 😨
- On 9/8/2017, my trade had a "paper loss" of $230 😨
- How did I manage a losing trade?
- WATCH MY YOUTUBE VIDEO HERE
Mon. 10/2/2017 (9:55:01 am, PT)
bought back put option at $1.15
PROFIT: $55
How did I turn a losing trade into a winner? 😀
