Today I closed DIA very mechanically at almost a perfect loss as a percentage of premium collected.
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.
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
Buying power reduction: $72
Profit after fees: -$31.58
Profit as a percentage of buying power reduction: -44%