Sold 1 XLF Jun08 33 put for $5.90

I bought this put on 3/26 for $7.40.  My original exit level for a loss was set to $27.80, but I had lowered it to $27.15 as the resistance level went lower.  Today it crossed up above that and triggered my exit order.

This position was up to $120 profitable at one point, but the recent upturn in the market cause this ETF to also go back up.  There wasn’t anything I can see that I should have done differently on this trade.

Posted in Trade.

Leave a Reply