Winner: 51.57% Gain On ETSY Calls
Summary
- Bought the ETSY 19FEB21 175 call options on Dec 30 at $18.13.
- Sold the calls on Jan 12 at $27.48.
- 3% portfolio allocation.
I bought the ETSY calls on Dec 30 when the shares appeared ready to rally from the $180 support level - my MBI was bullish but my momentum bars were still bearish, so I may have jumped the gun on the entry. The shares trended downwards until Jan 7 and then broke bullish on Jan 8. I closed out the trade on Jan 12 when the shares hit the $200 level - should have held for a few more days.
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