Monday, my indicators showed potential for a trade in OEX. For those who don’t know, the OEX is an index of the stocks that make up the S&P 100. It moves very quickly so, be very careful! I love the quick profits I make when trading the OEX. But man, do I hate the losses!
I purchased 2 May 720 call options at $4.80. My exit point is $8.80 and my loss limit is $3.00.
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
Current charts for this trade: