Why was I stopped out?

[jayre]

Quote from probe1957:

Well, a single phone call if you don't count the call this AM to my useless broker.

What do you mean "the call this AM to my useless broker"?

 

[probe1957]

Quote from jayre:

What do you mean "the call this AM to my useless broker"?

When I called him this morning he said I must have set up the trade wrong. Frankly, that is kind of what I figured too so I analyzed that possibility and concluded it was unlikely. The broker didn't even offer to look into it for me. TDA customer service is who came through for me.

 

[newguy05]

Quote from atticus:

Red is the universal forum ALARM color. It's only used during high-impact discussions or in case of forum fire. I don't smell any smoke, so I think we're ok.

Don't let computational-errors take you away from the THRUST of the discussion. Don't be led astray. Stay on point.

Red is also the first chakra color, hence your state of arousal. Just a FYI.

lol

 

[ForexForex]

Quote from ForexForex:

Yes I'm aware that you got stopped out. Based on the 175 puts being bought at $10.50 the 170 puts probably could have been sold for $7.00 when you bought the 175 puts. Maximum risk $350.00, maximum profit $500.00 - no risk of getting stopped out early.

Something to consider for future trades.

Quote from probe1957:

Unless I am mistaken, and I may well be, your math isn't quite right. As I understand it, my max profit on a vertical as you described would have been the difference between the two strike prices less the cost of the trade. So again, unless I am mistaken, my max profit would have been $150 had I done the trade as you suggested.

My mistake .... that was a TYPO, I missed it during the editing. $500 should be $150.