Toll Brothers Inc
Option Trade Blog

Title: Toll Brothers Inc Option Trade Blog

Business Description: Business Nature - Development, construction, financing, and sale of residential homes. Business Operations include development, architectural, engineering, mortgage, title, security monitoring, cable television, broadband Internet access, landscaping, lumber distribution, house component assembly, and manufacturing operations, as well as operate golf courses and country clubs. Geographical Presence: USA.

Symbol:   TOL

Option Symbol:   TOLFG

Option Description:   Type: Call,   Expiration: Jun,   Strike Price:   35           

Reason for Initiation: Down trending, down by about 15% in 1 year.

Action: Short Call (equivalent to short selling stock)

Details: Sold to open position on 8th Mar 06, bought to close on 17th Mar 06.

Result: -ve

Reason for Closing: Stop-Loss hit.

Comments:
* Trade initiated below 28 days Moving Average.
* No fractal triggered.
* Conclusion: Took the heat and stop-loss at up fractal was triggered. 
* Action Plan: 1. Make sure initiate position only when fractal is triggered. 2. Set tighter stop-loss.

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