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
My charts for this trade: