Chicos Fas Inc Trade Blog
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Chicos Fas Inc Trade Blog
Title: Trade: Chico Fas Inc Trade
Stock: Chico Fas Inc
Symbol: CHS
Option Symbol: CHSOI
Reason for Initiation: Uptrending. Moving up from 3 weeks support. Fractal Buy.
Action: Sold Put
Details: Put: Strike @45, expiration Mar, Sell to Open @ 2.35 (2nd Feb), 1.65 (9th Feb) and 0.75 (21st Feb) on 2nd Mar 06. Buy to close all @ 3.3 on 2nd Mar 06.
Result: -ve
Reason for Closing: Gapped down.
Comment: Totally unexpected, price slump due to a fourth quarter earnings miss. Just cut and move on.
Decision: Drop average-up as a part of option trade methodology.
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