Trade 27- an Update, It’s 28!

Terrapin Trader

 

 

 

Trade 27 should have been trade 28- sorry I have been off my game lately(since forever really).

However-the trade is currently 28 and 15(x2), so its value is 2. It’s a 33% loss if you like but in real terms it’s peanuts.

A smarter trader might close out and look for something else.

That is all.

Published by Terrapin Trader

First found out about options in 1995.From the arcane magazine Exchange and Mart! First trade- a covered call on VOD in 1999. Made 10%,VOD almost doubled. That's when I realised I was not a good trader,and I was forgiven thanks to the amazing world of exchange traded options