Wednesday, February 27, 2008

CLOSE: HBC BRCS -17.3%

On 2/20/08 HBC, I sold Mar 80 for $0.82 credit and bought Mar 85 Call for $0.20 debit giving me a total credit of $0.62.

HBC has gone against me so I pulled out today for a debit of $1.38.

0.62-1.38= -0.76/5-0.62 risk= -17.3 % loss