Winner: 27.78% Gain On BBY Calls
Summary
- Bought the BBY 19FEB21 100 call options on Dec 9 at $9.00.
- Sold the calls on Jan 11 at $11.50.
- 3% portfolio allocation.
I bought the BBY calls on Dec 9 when my momentum bars rose for two consecutive days and the shares looked like they were going to break bullish - it was a false signal - the shares then traded sideways from Dec 9 to Jan 5 but then finally broke bullish on Jan 6 when they spiked 4.86% - I closed out the trade on Jan 11 when the shares hit the $110.00 resistance level.
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