JPM because the chart formed a head and shoulders top and had broken the 50dma, plus my own gut feel about underlying conditions. I figure its going down and will test its 200dma.
It probably will now that I didnt get my puts. (g)
When you are out of the money - they expire worthless and they are removed from your account. So my total cost (mentioned previous post) is IT. No "selling" cost required.
Its comforting to know that once my investment is worthless I won't have to pay someone to remove it from my account. LOL. I guess thats why the commission is so big going in since they know they aren't going to always get you both ways!
I better stick to what I know for now and play the pennies.
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