Options Blog – Closing a Loser XLE

Like I said a couple days ago – I won’t ever be too upset if a trade doesn’t work out but had plenty of time to. XLE had 43 days to work. I only wish I could have closed it closer to where I wanted to mechanically close it.

XLE 5-31-17 closing a loser

Trade Stats:

Duration:  43 days
Credit: $25
Buying power reduction: $75
Profit: -$33
Fees: $2.58
Profit after fees: -$35.58
Profit as a percentage of buying power reduction: -47%

I only have 2 more 16 day positions left and only 1 more $1 wide position. XLE cost me $8 more than it should have if I would’ve caught it earlier yesterday.