Schlumberger Ltd Option Trade Blog
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Schlumberger Ltd Option Trade Blog
Title: Trade: Schlumberger Ltd
Stock: Schlumberger Ltd
Symbol: SLB
Option Symbol: SLBOD
Reason for Initiation: Strong Uptrending, up by about 50%in 1 year. Above 28 Days Moving Average. Fractal Buy.
Action: Sold Put
Details: Put: Strike @120, expiration Mar, Sold @ 3.40 on 2nd Mar 06. Bought @ 3.10 on 6 Mar 06.
Result: Slight +ve
Reason for Closing: Price moves down to hit stop.
Comment: It's a pity that the price did not follow through to a high enough level for setting a more profitable trailing stop. Overal good trade. Executed as planned.
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