$75 Profit
WEATLong Option

Entry comments: Commodity play on worldwide wheat shortage news. Bought 10 contracts at 1.05 on Thursday and added 5 at 1.35 Monday following weekend news India will halt wheat exports. Holding 5 looking for break of 52-week highs.
Exit comments: Damn - misplayed this one. Sold 2/3 of position for $350 gain then gave back $275 by holding 1/3 in anticipation of b/o. LESSON: Do NOT hold and wait for days - close out, get peace of mind and lock in profits. I can always buy it back later.
Newsletters:TimChallenge
Broker:ETrade
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| Date | Price | |
|---|---|---|
| Entry | 5/16/2022 | 1.15 |
| Exit | 5/26/2022 | 1.20 |
- Total Views51
- Position Size15
- Percentage4.35%
- Option TypeCALL
- Strike11.0
- Expiration6/17/2022
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