Stoploss: LandAmerica Financial Group (LFG) -19%
Opening Trade
Ok, so this didn't work out, my stoploss got me out around a 20% loss, here's the details:
SOLD -9 DIAGONAL LFG 100 JUN 08/MAR 08 40/55 CALL @8.20 (credit)
In my opening trade I had a debit of 10.20, so minus 8.20 leaves me with a $2 loss or $200 loss per contract, I have 9 contracts so that's a $1800 loss. Ouchie. That's ok, I'm going to have a lot more winning trades this month then loosing trade.
Thanks,
Nate
Ok, so this didn't work out, my stoploss got me out around a 20% loss, here's the details:
SOLD -9 DIAGONAL LFG 100 JUN 08/MAR 08 40/55 CALL @8.20 (credit)
In my opening trade I had a debit of 10.20, so minus 8.20 leaves me with a $2 loss or $200 loss per contract, I have 9 contracts so that's a $1800 loss. Ouchie. That's ok, I'm going to have a lot more winning trades this month then loosing trade.
Thanks,
Nate
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