$540 Profit
GMLong Option
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.
Broker:Schwab
Date | Price | |
---|---|---|
Entry | 11/6/2024 | 0.70 |
Exit | 11/11/2024 | 1.24 |
- Total Views8
- Position Size10
- Percentage77.14%
- Option TypeCALL
- Strike56.0
- Expiration11/15/2024
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