The retracement for KO was strong. It touch the second down trend line, approaching the first resistance line at 39.
The unrealized profit I had 2 weeks ago has become unrealized loss.
Unrealized P&L ($):
As at 04-Oct : 355 (Nov: 240; Dec: 115)
As at 11-Oct : 157 (Nov: 134; Dec: 64)
As at 18-Oct : -100 (Nov: -70; Dec: -30)
Do I continue to hold, hoping that it will resume the downtrend movements? Or do I cut loss now? I will wait for the next 1-2 candles to make the decision. If it raise and hold above the second down trend line and 39, I will close all position and cut loss.
Trade 2 : Selling Put Option - F Oct19'13 15 Put
F went up with the general market when debt ceiling lifted, government shutdown ended. The contract expire worthless. I got to keep the full premium of $292.29 (as stated in this post) without paying another commission to close the position.
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