Today I closed Boeing as a loser. Boeing breached my strike price and was only 10 days away from expiration. Too much risk for my appetite so I took a $60 loser.
Boeing Option Chain – Closing the loser.
Boeing options – Trade Stats
Duration: 20 days
Buying power reduction: $190
Profit after fees: -$62.58
Profit as a percentage of buying power reduction: -33%
Considering the max loss was $190 losing $60 wasn’t the worst thing that could happen. I looked into re-opening a position in the back month but for the strikes I’d want they only had $10 wide options.
I also opened a FXE debit spread. I usually avoid debit spreads I prefer to sell premium.
FXE Option trade
I took this ‘bet’ cause it costs $25 for a potential max profit of $175 – that’s a 7:1 pay off ration. The odds are 23% to make any profit. I’m looking to take this trade off at about 25% of max profit .. about $44 profit.
The account shows a loss of $14.50 – Below you can see every open position and their greeks.
Here is my net liquidation and available buying power.