-$150 Loss
OISLong Option
Kokopelli

Entry comments: Bought this low cost, out of the money position on oil/gas sector. Company supplies parts and services to oil wells; penny stock. Bigger float, but I'm anticipating speculative buyers on these as this heats up in the next couple months. Will set a sell and forget. CHEAP calls for a strike that's not too far out of the money. LOW risk to my account.

Exit comments: Well...dayum. This would have been a great "Covered Call" trade...this stock doing absolutely nothing. Once I get over the hump, THIS is the type of stock I do want to find for continuous covered call profits. Turning the negative into a positive on this one....I did try to sell these at market for two weeks straight. No takers.

000

Newsletters:TimChallenge
Broker:Fidelity
DatePrice
Entry1/27/20250.05
Exit3/24/20250.00
  • Total Views29
  • Position Size30
  • Percentage-100%
  • Option TypeCALL
  • Strike7.5
  • Expiration3/21/2025
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