Bought 1 contract PCLN July 3 1250.00 call

+1

Speaking of "geniuses" whatever happened to drownpruf? He disappeared after I kicked his ass in that TWTR trade.

http://www.elitetrader.com/vb/showthread.php?t=284697

 

UPDATE - PCLN JULY03 OPTION EXPIRY SUMMARY

The July03 PCLN 1250.00 call was another well executed trade buying OTM weekly options on volatile/momentum stocks. This trade was opened 3 1/2% OTM with 2 1/2 days to expiry.




PCLN 1-week chart, June 27 to July 3.

Red Dot: June 30, 03:34 PM. Buy to open 1 contract July03 PCLN 1250.00 call at $0.45. Post #1.
Green Dot: July 01, 09:51 AM. Sell to close 1 contract July03 PCLN 1250.00 call at $1.86. Post #4.


Unfortunately I did miss out on additional profit by closing too early on July 1.

 

letting a trade 'mature' is a lot harder than it looks. thats why no one here is rich

 

If I allowed that trade to 'mature' it would have expired worthless, 100% loss.

 

nope, thats not what was meant. that's ok, you made someone very happy.

 

LOL