Winner: 1.57% Gain On JNJ 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 JNJ 16APR21 160 calls on Feb 5 at $8.27.
- Sold the calls on Feb 17 at $8.40 for break-even on the trade.
- 5% portfolio allocation.
I bought the JNJ calls on the second day of the gap-up above the $164.00 level - the shares touched the $168.00 level on Feb 10 but then stalled and reversed to the downside - I sold the calls on Feb 17 when my MEQ turned bearish (RED bar).
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