Thank you LORD for another profitable trade!
Here's the chart:
This trade took a looooooooong time to hit the target. After the entry, there were a couple attempts at going higher and then a pullback and sideways trading until the last few weeks, then finally it got going higher again.
Better late than never, but when a trade takes this long to complete, it does hurt the ROI a bit due to theta. However, it's a win, here's the numbers:
Sold the long option for $1.38, bought it originally back on May 9th for $1.21, for a profit of $0.17, with an ROI% of 14%.
Again, this isn't a bad trade, it's just a long trade - but that's why when trading this hi/lo system I like around 90 days until option expiration. If I had bought an earlier option expiration date, I would have had a loss instead of a win.
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