New Trade: WLL

Entered a position in Whiting Petroleum based on its trend of rising 1wk prior to its July earnings release. I purchased 2 Aug 50 calls at $1.60. My loss limit is $1.45 and exit point is $1.90.

Here’s a look at my potential profit:

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

% Gain & Loss

2 1.60 320.00 1.90 380.00 10.00 50.00 15.6%

My charts for this trade:

130516 WFM

Screen Shot 2013-06-18 at 8.07.12 AM


One thought on “New Trade: WLL

  1. Pingback: Closed Trade: WLL | Tela's Trading Journal

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