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Monday, December 20, 2010

Status Color Code updates

The following color codes are to let you know the status of the trade.

Red - This is where the trade is over and it is time to sell at a loss. The stock has fallen to the stop loss.

Orange - This is where the stock is lower than the cost basis of the purchase (stock price minus call revenue received,) but higher than the stop loss price.

Yellow - This is where the stock is above the cost basis of the purchase (stock price minus the call revenue received,) but lower than the strike price of the call.

Green - This is where the stock has surpassed the call strike price.

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