CTXS (Citrix Systems Inc.) Feb 2 2015

This trade is now closed

February 10, 2015  6:00pm Unfortunately, our stop loss order was triggered and our full position in CTXS was covered at $63.30 for a loss of $4.50 per share or 7.65%.   February 02, 2015  10:45am This is confirmation that CTXS did trade below $58.85 today and is officially an Open Trade. We are Short CTXS at $58.80.   February 1 2015  9:49pm Tomorrow, we plan to short (Sell) CTXS if it trades below Friday's low of $58.85.

  • Mike

    I'm a "rookie", how do I set this up when buying a put option with a stop loss?

  • TradingWins

    Mike,

    The safest way to do this is to set a 50% stop loss on your option, but mark your stop loss (according to the system rules) at $63.30 on the chart and then make adjustments as needed.

  • Brock

    Are we getting out of this or waiting one more day. The stop has been breached...

  • TradingWins

    Stops should always be strictly adhered to. We are closing our position.

  • Brock

    Just wondering why CTXS is still in the open trades. Hasn't it been closed?

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