Thursday, March 18, 2010

Closed WFC iron condor

I've closed the remainder of my WFC March iron condor, for a loss.

The order executed with the stock priced at $30.02. That's 6.8% above the entry price and $1.02 over the top of the maximum profit zone of the iron condor (p26/-p27/-c29/c30).

On the options, the net cost of closing was an 86¢ debit, for a net loss of 40¢, or 46.5%.

Links to when . . .

A sad cautionary tale of misspent youth (or at least misspent trading funds).

Topics: Wells Fargo Bank finance.

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