Friday, March 10, 2017

Closing Trade - 17 MAR FRED 17.5 Straddle

FRED dropped 17% since last week so I decided to cut my losses and exit the trade in order to complete the move to my new brokerage.  If I wasn't migrating to another brokerage I would have gone inverted and rolled the trade to the next expiration to give it time to work out.

Closing Trade [Opening Trade]
Bought: ten 17 MAR FRED 17.5 Straddles @$3.13

Total Debit: $3,130.00
Total Commissions/Fees: $22.45
Balance: $34,481.10
Trade P/L: -$298.02
YTD Realized P/L: $2,411.96


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