[Stopped out of Nextel (NXTL) calls/Sold to close Aug 30 calls (FQCHF) for $1.60]
Dear Member,
My contingent stop was hit and my Aug 30 calls (FQCHF) were sold for $1.60 resulting in a $1.10 loss on this leg of the straddle. I had closed the put leg quite some time ago for a 30 cent gain so this position closed for an overall loss of 80 cents. That doesn't make me happy, but it does fit my philosophy of cutting losses and letting gains run.
DISCLOSURE: At the time of publication, I have no position in the referenced options or the underlying stock.
Sincerely,
Bill Kraft for
CutLoss, Inc.
|
