-$475 Loss
PTENLong Option
Kokopelli

Entry comments: Buying a second option chain for this oil drilling company; same thesis as last time. I think we'll have a rally in oil in the coming months; hoping sooner than later. Got lucky with that crazy rally. Whether we get a rally from a China negotiation or not, oil should be getting a push soon, especially at this level.

Exit comments: I shoulda tried harder to get out when this popped early on...interesting that in over 3 months this gas drilling ticker could climb higher than at most a buck. Blah...I deserved this loss.

000

Newsletters:TimChallenge
Broker:Fidelity
DatePrice
Entry4/11/20250.19
Exit8/18/20250.00
  • Total Views30
  • Position Size25
  • Percentage-100%
  • Option TypeCALL
  • Strike8.0
  • Expiration8/15/2025
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