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Tuesday, January 18, 2011

Code Red on LLEN trade

There was a code red on the current LLEN trade. The stock hit the stop loss price. The account bought back the option and sold the stock.

The end result was a loss on the trade. This falls in line with the percentages on success (80% and failure 20%) with selling calls. So the account will be looking to find another trade in the Feb/Mar timeframe.

More to follow....

- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains that occur from trades using its material.

- The account does not fully divulge all information (the size of shares bought and calls sold) on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give the size information out. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. THE ACCOUNT WILL NOT MISLEAD READERS TO CREATE A GAIN ON ITS TRADES!

- If you have any info regarding call selling, be sure to comment or send an email. The goal of the blog is to collaborate so that we all can accumulate wealth with the help of selling calls. Please pass the blog address to others that might find some value from it.

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