The Money Tree

Safely Generating Income in Retirement

DLB – the Obituary

Posted by mounddweller on February 21, 2011

Fellow Traders,

As promised, I am posting the final results of my ill timed NP trade in Dolby Labs (DLB).  You’ll recall on 2/7 I STO 2 FEB $55 puts at $0.55.  I closed out the position 8 days later having suffered a small loss of money and a huge amount of self-esteem.  Mr. Market always has a way of putting us in our place.  On 2/15 I BTC my 2 FEB $55 puts at $3.50.  Net loss, including all commissions, fees, and expenses was $610.94.  I won’t spend anymore time repeating why I initially entered the position or my mistakes.  You can read about those here: https://troysmoneytree.wordpress.com/2011/02/13/np-trade-dlb/

Best of luck to all in your upcoming trades.  I would suggest “strapping your self in” and tightening your stop-losses.  I suspect the ride is going to get a lot bumpier from here.

Regards,

Troy

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