On 5/8/08 Naked Put: SOLD AAPL JUN 08 170 PUT @ $4.00 credit
My margin risk was $22.61.
Today, my exit order triggered early because of the same issue with RIMM. I did a cancel/replace to correct the decimal error-but then it triggered. At least it got me out for a profit! I learned my lesson though that it is crucial to double check your waiting orders very carefully. One decimal place can make a HUGE difference!
BOT AAPL JUN 08 170 PUT @ $2.11 debit
4.00-2.11/22.61= 8.3% in 21 days
Thursday, May 29, 2008
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