I have traded GLW on and off since the early 2000's and it had earnings coming up with some potential good news. I bought a couple months out so the time decay wouldn't be so bad after the news. I was up over $5000 yesterday and this morning at the open it dipped a bit. Since I could not watch the market at my day job, I just sold on strength. I see now it went up another $1500 and probably will keep climbing, but that's OK, I had a 97% profit, I'll take that every day.
Obviously this was working perfectly from the start. I scaled out then at one point took off the rest. The contracts are more than a month out and the move was big enough today that I expected it to begin pulling back. Rather than letting some continue to run I sold it all thinking I'd be able to add it back but it just kept running and running. I'll still watch for a pullback since it has time on it but in the meantime just noting lessons. More than one today about holding.
Long term IRIS swing trade that did not work out. Exited to limit loss. Got distracted and held to long past taking a profit and turning into a loss.
Not trying that strategy again.
Entry comments: Trying out a call from earnings edge. Plan is to hold through earnings.
Exit comments: Market did not like the earnings
Daily Strike Alliance, Jeff.
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.
