-$150 Loss
OISLong Option

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.
Newsletters:TimChallenge
Broker:Fidelity
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| Date | Price | |
|---|---|---|
| Entry | 1/27/2025 | 0.05 |
| Exit | 3/24/2025 | 0.00 |
- Total Views29
- Position Size30
- Percentage-100%
- Option TypeCALL
- Strike7.5
- Expiration3/21/2025
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