Not a stock, but were investments that I used the roll into crypto. Was not a trade. Was using ALLY Invest. Please do not spotlight this. I'm just using profitly to track my stuff
Why? Showed up on screener with a gap up in price. Fundamentals looked decent but couldn't afford stock. Identified near support at $39 with low volatility. Uptrending stock near 52 week high so going with theory of price increase in a short period of time.
(Incorrect Expiration) ALLY240426C39: Earnings break-out, gap-up 2.25%, FOMO, missed +1.00 on open. Entered at 39.25 on consolidation. Out of day trades, hold overnight. Risk .15, reward .30. EXIT: Price pulled back for several days (on overall market pull-back). Price recovered positive and sold late afternoon at 39.80 for profit. (Next day high 40.28)
Swing Put Trade: This trade will likely go higher, But the rule to follow is take PROFITS!... in the future I could scale up - 2 or more contracts, then sell to cover at least one contact as the underlining stock is declining. I could recover my investment or more, while the remaining contracts are all profit!
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.
