Cycle Trading

[Duma]

So I did get a trade alert this morning on RIOT but failed to see it, thank goodness.

Just to recap, I totally closed out the trade early this morning with a gain of .56. Opened with a credit of -.83 and closed with a credit of -.29.

What the alert said to do was roll up the put side from a 22/24 to 26/28 for a credit of -.31. But the price just kept going up and closing at 30.79. So at end of day here is where they stand.

+.83 opening credit
+.31 put roll up credit
-1.64 to close trade EOD (they are still open)
------
-.50 loss to date

if price stays above 30 they will lose another .58. I would say they made a bad decision.