Open Trade
TRXCShort Option
Option_God

Entry comments: Caught my attention on a recent and large spike which was the result of a very shady and unfouded rumor that Johnson and Johnson may be interested in purchasing the company. I put in the this trade as a surrogate for shorting the stock . Here’s why. First , there is a dilution of shares on the horizon due to a new funding deal which if approved by stockholders will result in a lower stock price and the stock was recently pumped and their dog and pony show in Boston ended on Friday

1
000

Broker:Fidelity
DatePrice
Entry3/18/20160.45
  • Total Views293
  • Position Size20
  • Option TypeCALL
  • Strike5.0
  • Expiration4/15/2016
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JohnEDoe
JohnEDoeMar 26, 16 2:56 PM

Might place a buy stop at 4.53.......... .50 stop loss...... It may go if it can break out the top @ 4.60

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