My CSCO position started with a mistake. While getting used to the platform after switching my account to IB I mistakenly sold calls instead of a put, as if I hadn’t made hundreds of trades for years and didn’t know what I was doing. I didn’t panic. Instead of closing out the short calls on…
Tag: CSCO
Adjusted CSCO Mistake and Added KFT Naked Puts
A couple days ago I posted my trade details about selling CSCO naked puts at the money. I was psyched when I saw CSCO beat earnings last night. I checked this morning to see if I should consider closing my position for a quick profit or not, but noticed I was actually losing money on it. It took…
Sold CSCO March Naked Calls
(2/4/10 EDIT) The copy below is what I originally wrote two days ago, but I just realized today that I screwed up on my order and sold calls instead of puts. I’ve changed the above post title and scratched through my original description to edit it to say “calls” instead of “puts” now. I wrote a…