Thursday, January 6, 2011

HST - took profit



Thank you Mr. Scrooge! HST got close enough to my target today - no sense in squeezing pennies and being a Bah-Humbug. Here's the chart:


Sold my long April Call for $2.70 (originally purchased for $2.35). So, made a $0.35 return for a 14% ROI in 12 days.

I'm going to tweak my weapon of choice for these shorter trades. I'm going to buy the next month out options around the ATM (at the money) strikes - looking for Deltas around .40-.60. If I had done that on this trade I would have had a 36% ROI instead. You gotta keep on sharpening the sword and keep on improving.

Thank you LORD for this successful trade!!

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