How did you arrive at $8.00 dollar stop? Was this based upon a percentage or price level of stock ? I would look at the low option price of the day and set stop just below that low. In this case 7.35 to allow for wiggle room.
Please explain reasoning behind all changes to stops in the future.
How did you arrive at $8.00 dollar stop? Was this based upon a percentage or price level of stock ? I would look at the low option price of the day and set stop just below that low. In this case 7.35 to allow for wiggle room.
Please explain reasoning behind all changes to stops in the future.
Thank you.