Yesterday, I purchased 4 Jun 45 put options at $1.54. I set my exit point at $2.10 and loss limit at $1.30. The position reached my exit point this morning so I was able to close at a profit. Also, looking back at my notes I show that I traded based on this trend in 2011 and made 27%.
Here’s a look at how I did:
|# Shares or Contracts||Purch Price||Capital Out||Sell Price||Capital In||Comm & Fees||Gain / Loss||
% Gain & Loss
My charts on entering this trade: