More JCP please

I placed a limit order for additional JCP calls and it filled.  This time I went for the Dec07 $45 call options.  I chose the $45 over the $42.50 because I decided I wanted more leverage- and the further out the call the more leverage. 

Bought:
JCP Dec07 $45 calls JCPLI - 20 @ $1.15
  stock price when entered ~$42.45

My overnite holdings are:
JCP Dec07 $45 calls JCPLI - 20 calls closed @ $1.45
JCP Dec07 $42.50 calls JCPLR - 10 calls closed @ $2.70

The Nasdaq closed at 2662.91 +82.11 (+3.18%)  - that’s some run and almost at the 50 day EMA.  I’ll have to look at the charts tonight and figure out where to go from here.  For now, I do have a good looking paper profit.

Total Account Value:  $6275 

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Posted By: Lindsey Wu

News Category: -Lindsey, JCP, Options

 

 

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