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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Posted By: Michael

News Category: JCP, Options

 

 

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