I have two positions that have gotten the best of me. AZO and CBRL. Since I purchased puts in each of these positions, their stocks have run away from me, and so have my losses.
Originally I wanted to sell AZO if it got above 150, its now at 160. And I believe I wanted to sell CBRL if it got above 22, its now at 26. So, I didn't follow my rules, and the value of my AZO and CBRL options reflect my lack of discipline.
At this point the options have lost enough value that it really doesn't even make sense for me to sell. I will continue to hold each as a reminder of what not to do....
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