$540 Profit
GMLong Option
curtcowley

Entry comments: Price reached a previous IRIS suggested entry price. Rising in sympathy with the election results. IRIS still gives it a 7..8 rating. Picked a near date call for a quick swing trade. The call had good volume and open interest with delta in the 40's. Set OCO orders to exit at 66 or stop at 54.35

Exit comments: Sold into strength as it ran up today at just over $56.80. I should have let it run a bit longer. It went to $58.20. However, I was trading scared and was happy with the gain and didn't want to hold too long.

000

Broker:Schwab
DatePrice
Entry11/6/20240.70
Exit11/11/20241.24
  • Total Views8
  • Position Size10
  • Percentage77.14%
  • Option TypeCALL
  • Strike56.0
  • Expiration11/15/2024

Charts

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