Trade Adjustments – SLW and FEED
On 2/4 I rolled SLW Feb 15 puts to March 12.50 for roughly the cost of commissions. I was hitting my pain threshold that day and this was my trade furthest in the money – at the time. Alas, looking at this chart now I might have been OK holding through expiration.
SLW-Daily
On 2/5 I rolled FEED Feb 5 puts to March 5 puts for a credit. The problem selling puts on these 5 dollar stocks is the lack of strike prices. I’m just moving these out further to capture some more time premium.
FEED-Daily
I’ve rolled about a third of my February inventory to March now. I rolled IAG and HEAT for a loss and in hindsight I wish I would have gone further out in expiration to get more premium. Whenever I make an adjustment I need to try to roll these for a credit or breakeven at a minimum.
If we get some support next week I should still have an OK month as far as put selling and covered calls are concerned.
I’m pulling these charts from Finviz because I’m writing this on my netbook. I hope they turn out OK.