Winner: 15.87% Gain On AMGN 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 AMGN 21JAN22 205 calls on Dec 6 at $10.40.
- Sold the calls on Dec 9 at $12.05 for a gain of 15.87% on the trade.
- 3% portfoliio allocation.
I bought the AMGN calls on Dec 6 when all three all of my indicators turned bullish: the MACD, the Hulk (price bar turned green), and the RSI closed above 50.
Looked like the shares might run up to the $216 on the bullish breakout but the stock ran into some stiff selling resistance at the $214 level.
This is stock is not a big mover so I decided to lock in a small gain on Dec 9 with the shares struggling to get above $214.00 rather than have the gains wiped out by one big down day.
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