Prices for December Corn continued to move down today, down 8.2 cents to close at 344.6. My December 320 put today settled at 8.25 cents or a value of $412.50. So, now I have a profit on this trade of $37.50 before commission. Now that prices have moved lower, I'm moving my mental stop on this trade down to the 356, which is just above the 50% level of 355. That should help minimize the risk on this trade.
To take a look at all of my completed trades, please go to http://www.mylearn2trade.com/.
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