Out of JCP

I exited my JCP calls today.  There’s a good chance there’s more upside but I wanted to lock in the profit.  I daytraded CFC today, bought 100 shares at $9.05 and sold at $9.09 - $4 profit.  I think I was just bored when I decided to buy it.  I am all cash right now, ready to find myself a new trade with a good risk/reward. 

Trades:
Sold JCP Dec07 $42.50 calls JCPLR - 10 calls @ $3.20
    Entered at $2.00 on 11/28
+$1181 profit (after $19 commission)
stock price when exited:  $44.25
stock price when entered:  $41.80

Sold JCP Dec07 $45 calls JCPLI - 20 calls @ $1.70
   Entered at $1.15 on 11/28
+$1076 profit (after $24 commission)
stock price when exited:  $44.20
stock price when entered:  $42.45

Daytrade:
Bought 100 sh CFC @ $9.05
Sold 100 sh CFC at $9.09
+$4 profit (after $0 commission)

I am all cash and ready for the next thing.  I think I have the flu or something, so I might take tomorrow off.  I have a nice lead over Michael right now.  I’m looking to increase that lead but who knows what will happen.  Options are high risk, high leverage things and our account values can go anywhere…  fast.

Comment AddThis Social Bookmark Button AddThis Feed Button

Posted By: Lindsey Wu

News Category: -Lindsey, CFC, JCP, Options, Stock

 

 

comment
Comment