Out JCP just because
I should be holding onto the JCP options for another day, but I’m a little worried that this won’t be a call opportunity but might be a put opportunity. The stock went up $.40 so I sold with a $360 profit.
There’s something about the market that I just don’t feel comfortable holding calls unless they were ultrashorts.
Sold:
JCP Feb08 $35 calls (JCPBG), 20 @ $2.40
Entered 1/9 @ $2.20, exited 1/9 @ $2.40
9% profit, $360.00
stock price when entered $34.12
stock price when exited $34.52

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