I’ve been stopped out of GE.
music selection: “Irresistible” — Fall Out Boy
I was assigned 300 shares of GE on 13APR2017 at the 30.50 strike. Shares have performed poorly since. I was stopped out of my 25% trailing stop loss of 27.68 as of yesterday’s close. I sold at 27.21 realizing a short term loss of 987 dollars. Over the duration of the trade I collected 1.06 in options premiums reducing my loss to 669 dollars.
It always hurts to take a loss but I’ve learned you have to cut your losers fast to keep them from turning into disasters like the time I lost over 90% on Vanguard Natural Resources (VNR). Respecting stop losses is the Raptor way.
Devour your prey raptors!