Wednesday, May 28, 2008

CLOSE: IBM Long Call +63.2%

On 5/8/08 I entered the trade as follows:
IBM Long Call
Jun 125 Call for debit of $3.40
No stop loss but sized for maximum loss

Today after 2 solid bullish candle days, I am getting out and taking my winnings and running with them before this retraces.
SOLD IBM JUN 08 125 CALL @ $5.55 credit

5.55-3.40/3.40= 63.2% in 20 days

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