$144 Profit
QCOMLong Option
ACRE

This was another test of piggybacking on unusual option volume. Clearly a successful trade with the largest % gain with this strategy so far. I closed too soon (recurring problem/theme), but I believe this was the right move given the limited amount of time left to expiration. However, this option is now worth $6.50 vs. my close price of $2.06. Left money on the table but still made a profit. More importantly, continued proving my strategy.

000

DatePrice
Entry6/2/20200.62
Exit6/3/20202.06
  • Total Views79
  • Position Size1
  • Percentage232.26%
  • Option TypeCALL
  • Strike85.0
  • Expiration6/12/2020
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