Closing DIA a mechanical loser – Options Blog

Today I closed DIA very mechanically at almost a perfect loss as a percentage of premium collected.

dia closing a loser mechanically 6-1-17

This trade had 38 days to work and didn’t

Here is a graph showing when I put on the trade and how the stock moved in the 27 trading days since then.

graph of DIA since opening and now closed - 6-1-17

The yellow line going up shows the date entered – the horizontal line shows the beak even.

This was one of my last trades in the June cycle.

Duration:  38 days
Credit: $28
Buying power reduction: $72
Profit: -$29
Fees: $2.58
Profit after fees: -$31.58
Profit as a percentage of buying power reduction: -44%