Winner: 41.74% Gain On C Calls
Momentum, Long/Short Equity, Short-Term Horizon
Seeking Alpha Analyst Since 2009
ChartMasterPro is a trading service which focuses both on the fundamental and technical analysis of stocks and equity markets. I use a proprietary trading model to trade Call and Put Options on US equities. I've been trading options for 15 years and have made all the trading mistakes that could possibly be made, but as Winston Churchill once said: "Success is the ability to go from one failure to another with no loss of enthusiasm." And by the way, the name is John, John DiCecco. I'm excited to announce that I now offer a MarketPlace service in partnership with SeekingAlpha called The Options Trader - if you like trading options, check it out.
Summary
- Bought the C 19MAR21 60 calls at $3.45 on Jan 28.
- Sold the calls at $4.89 on Feb 9 for a gain of 41.74% on the trade.
- 3% portfolio allocation.
I bought the C calls on a bounce off the $60.00 support level - I was two days early as the shares dropped the following two trading days - but the shares turned on Feb2 and then rallied for five consecutive trading days - I booked my gains when the shares stalled at the $64.00 resistance level.
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