$3 Profit
CSCOLong Option
billhamlet

Entered this trade based on the chart. I observed a falling wedge pattern on the daily chart, which implied that the stock price was about to shoot up. I only gave myself (2) days until expiration, which was very risky. I didn’t need to hit it out of the park but I should have sold (1) contract and held the other for a little while longer. The stock shot up past the strike and I missed a lot of gains. Bought (1) contract at .14 and the other at .09 to bring average price down. Sold both at .13

000

DatePrice
Entry4/3/202411.50
Exit4/4/202413.00
  • Total Views96
  • Position Size2
  • Percentage13.04%
  • Option TypeCALL
  • Strike49.5
  • Expiration4/5/2024
Proof
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