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!