HANS Option up 35%
My patience paid off. The option I purchased yesterday is up 35% today. I bought it at $2.70 at the open of trade yesterday. Close of today, the option $3.65, for a profit of $95 or 35% in 2 days, or 1.9% of my total account value in 2 days. That’s a great return rate. I anticipate the option to go even higher, but I”m still shaky on where to set my stop losses for maximum profit. Any suggestions are welcome!
Suzanne @ October 26, 2007
I’m not big into the options game, but my first suggestion would be to make sure you don’t give any of it back since you have such a nice gain in such a short period of time. Never hurts to book some profits and boost the confidence.
Nice trade Suzanne,
HANS looks really good over 68.00. If it can make it there. Not really sure what time decay will do to your profit, but I would probably hold the stock if I had a position.
Hi Reese, THanks for the support. YOu are right, but silly (greedy) me, I held onto it with a stop loss and, well, had a loss. But it’s early in the game.