| This Trade Was Closed July 25, 2012 |
Cancelled this order, sorry didn’t realize earnings were coming up…don’t hold a position over earnings
Original Trade Post:
ERJ is in a decreasing channel over the last several months and is experiencing a slight pull back. I believe it will resume its trek downward.
Underlying entry – 14.3, profit target – 23.4, stop loss – 25.53
Trade Details
- The Ticker: ERJ
- Target Price: 2.4 per share
- The Trade
- Sell to Open Sep 2012 25 Puts at 1.8 or better
- Trade Opened: July 24, 2012
- Trade Closed: July 25, 2012
Chart courtesy Finviz. Click to open larger.
Bearish bet on the realities of a Housing Recovery in Option Trades (3 comments)
NAV, short, downtrend in Stocks and ETF Trades (2 comments)
This is not investment advice. Learning Markets, LLC is not responsible for errors or omissions. Please be sure to read our disclaimer.