Expired 15 BC 100 SEP 09 7.5 put, mark 9.78

My fifteen Brunswick Corp (BC) September puts expired on Friday. I entered this at $0.39 back in mid-August. This position is worth $0 now. That is a total loss of $585 + $15 commission.

Long story short, here are some mistakes I made with this trade, in decreasing order of significance:

1. Shorting when the trend is obviously up.
2. Not adhering to my stop.
3. Low liquidity asset.
4. High commission.

Well, as I’ve said earlier, I will be focusing on developing my trading tools and strategies for the next few months. I have just placed my first paper trade using a new strategy in the forex market.

Brunswick Corp

Related posts:

1. Sold -1 BC 100 OCT 09 12.5 PUT @1.45, mark 11.27
2. Bought +1 BC 100 OCT 09 12.5 PUT @1.95, mark 10.81
3. Bought +15 BC 100 SEP 09 7.5 PUT @.39, Mark 9.12
4. The need for trailing stop: Expired November 2008 options post-hoc review
5. XLF June Options Strangles Expired Worthless: -$237