New Trade: FOSL

Entered a position in Fossil, Inc. I bought 2 Apr 95 calls for $1.80. My loss limit is $1.00 and exit point is $3.50.

Here’s a look at my potential profits:

Shares or Contracts Purch Price Capital Out Sell Price Capital In Comm & Fees Gain / Loss

% Gain & Loss

2 1.80 360.00 3.50 700.00 10.00 330.00 91.7%
               


Current charts for this trade:

130304 HLF

I added the following chart to address Rosie’s question in the comments.

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3 thoughts on “New Trade: FOSL

    • Great question, Rosie! Unfortunately, it looks as if I linked to the wrong chart in this post. The correct chart is similar so your question still applies. Give me a moment to update the chart and I’ll be back to answer your question.

    • Rosie, I’ve corrected the chart and added an additional one to show more chart area and address your question. At the time of entering the trade, the 50 MA (55min chart) had become support so, I wasn’t too worried there. Currently, the 55min chart is starting to signal a pull back but, the stock tends to rise around this time. I believe it will have a small pull back before continuing to rise. However, the stock is likely to run into some resistance with the upper bollinger band & 200 MA. With that in mind, I made sure to not to get too greedy with my profit point. I currently have a profit in the position so, I’ve set a loss limit in case it backs up more than I expected.

      Hope that answers your question!

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