Well Darn… Erroneous or not, I was bullish on the trade and on the 17th BTO the Feb 70 Call at $4.40 and a Feb 67.5 / 65 BuPS for an 81 cent credit. I didn’t sell the Feb 75 Calls until the 20th when I got $3.70 for them, bringing my cost basis down to 70 cents. With my current position, I am risking $472 to make $1024 on a 2 lot position and the stock has to get down to $67.75 before I start loosing on the trade. Hopefully this will be a great erroneous trade 😉 Here’s to wishing everyone a blessed holiday season…
Well Darn… Erroneous or not, I was bullish on the trade and on the 17th BTO the Feb 70 Call at $4.40 and a Feb 67.5 / 65 BuPS for an 81 cent credit. I didn’t sell the Feb 75 Calls until the 20th when I got $3.70 for them, bringing my cost basis down to 70 cents. With my current position, I am risking $472 to make $1024 on a 2 lot position and the stock has to get down to $67.75 before I start loosing on the trade. Hopefully this will be a great erroneous trade 😉 Here’s to wishing everyone a blessed holiday season…