Book Loss FRT

FRT rallied past its resistance point.

music selection:  “Right Here, Right Now” — Jesus Jones

On 16FEB2021, I bought the 105/110 bear put spread in FRT for 3.9442 per share (12 spreads).  I put 4,733 in the capital at risk.  FRT burst past resistance at 104ish to over 106 even as the broad market was declining. 

I decided to preserve capital rather than wait to see if the trend reversed.  I sold today for 3.20 a share.  I booked a loss of 893 dollars or 19% over 10 days in the force.

I have two other positions that are threatened but I’m continuing to hold to see if the market turns around.

Devour your prey raptors!

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