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.
Entry comments: consistently growing oil play, going to sell on first side action day
Exit comments: there is no volume, short sellers moving that stock down easily today. ($62.20) P/L today
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