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CAL PUT CLOSED OUT

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CAL SHORT PUT CLOSED OUT


CAL STOPPED out as stock hits our EXIT point of $17.50
CAL-MW CLOSED OUT AT THE PRICE OF $0.65 for a NET LOSS of $0.20 or $20
per contract

Closing Order

BUY TO CLOSE CAL JAN 17.5 PUT: CAL-MW @ $0.65

ORIGINAL RECOMMENDATION

SELL CAL JAN 17.5 PUT / CAL-MV
Target Price $40.00 17.5 Put
Potential Profit(10 x = $400.00
Initial Margin $4,446 10 (contracts)
Return on Investment 9.00%
Cost Basis in Stock = $17.10
Days to Expiration = 32
STOP EXIT STRATEGY
Close option position if Stock drops to => 17.50


Anyone in this position should have STOPPED out of the position. We you have not you should liquidate this position tomorrow for DEBIT of $0.65

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