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Tuesday, May 3, 2016

Energy Sector (XLE) Call Options

Friday, 4/29/2016 (10:33:59 am, PT) (FP)

sell -10 May 2016  $70 calls at $0.51

Why did I place this trade?
  • stochastics in overbought region
  • 78.60% probability of success

Tuesday, 5/3/2016 (7:35:23 am, PT)

buy to close calls at $0.21

Why did I place this trade?
  • take profits at 50% of max credit

PROFIT:  $300 (in 3 trading days!)


SUCCESS!