On 5/8/08 I entered the LFC Bull Put Spread:
Jun 57.5/55 puts for credit of $0.62 credit
This trade is no longer bullish as it has broken down through support and the 30 & 50 day moving averages, so it is now going against me. I thought of adjusting the position, but according to my trading rules, if the trend goes against me in verticals-I get out. The loss is small and I sized this position in the first place for max loss, so I will cut my losses and run.
Today I exited at:
BOT JUN 57.5/55 PUT @ $0.78 debit
0.62-0.78/(2.50-0.62)= -8.5% loss in 21 days
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