Bought shares at 7.50; sold the Sept 30th 8 call; filled for a 6.93 db; max profit $107 (if called away at 8) (15.4% ROC).
Not to jinx it, but it's highly likely that I will be unhappy with one or more of these little fellas that I put on today ... .
Not to jinx it, but it's highly likely that I will be unhappy with one or more of these little fellas that I put on today ... .
Comment:
Price has broken the 8 call here and current ROC on the setup is at 11.7%. If you get to 10% ROC with "time to spare," I say "money, take, run," particularly with the way this thing is bopping up and down between 7.50 and 8.25. Will attempt to close tomorrow at NY open.
Trade closed manually:
Covered here for a 7.61 credit, yielding a profit of $60 per contract/100 shares.