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 . . .
- I closed the first half of the position.
- it began to turn sour.
- I first opened the position.
- I analyzed the technical signal.
A sad cautionary tale of misspent youth (or at least misspent trading funds).
Topics: Wells Fargo Bank finance.
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