Friday, May 16, 2008

First big options profit

Just took my first big options trading profit.
Bought 1 contract for BUCY 120 July calls a month ago @ $14.00
Sold today for $26.00 - for an 86% profit.
Yeah, BUCY may still climb, but decided not to get greedy. It dipped about 5 points a couple days ago, which was a bit concerning. My original target was only $135, so decided now was the time to take my profits.
Cool.

No comments: