$75 Profit
WEATLong Option
SuzyQ

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.

100

Newsletters:TimChallenge
Broker:ETrade
DatePrice
Entry5/16/20221.15
Exit5/26/20221.20
  • Total Views51
  • Position Size15
  • Percentage4.35%
  • Option TypeCALL
  • Strike11.0
  • Expiration6/17/2022
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